New Issue: Credit Suisse prices $30.9 million dual directional trigger PLUS tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 2 – Credit Suisse AG, London Branch priced $30.9 million of 0% dual directional trigger Performance Leveraged Upside Securities due Sept. 5, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, subject to a maximum return of 28.2%.

If the final index level is less than or equal to the initial index level but greater than or equal to the 80% trigger level, the payout will be par plus the absolute value of the index return.

If the final index level is less than the trigger level, investors will have one-to-one exposure to the decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$30,900,100
Maturity:	Sept. 5, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, subject to a maximum return of 28.2%; if the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, par plus the absolute value of the index return; if the final index level is less than the trigger level, investors will have one-to-one exposure to the decline
Initial index level:	2,170.95
Trigger level:	1,736.76, 80% of initial level
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3%
Cusip:	22548R749

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