New Issue: Credit Suisse prices $9.19 million dual directional trigger jump notes on S&P

By Tali Rackner

Minneapolis, March 8 – Credit Suisse AG, London Branch priced $9.19 million of 0% dual directional trigger jump securities due March 3, 2023 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus the greater of the index return and 31%.

If index falls by up to the trigger level, 80% of the initial share price, the payout will be par plus the absolute value of the return.

Otherwise investors will lose 1% for every 1% that the index declines from its initial level.

Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Smith Barney LLC acting as distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional trigger jump securities
Underlying index:	S&P 500
Amount:	$9,187,250
Maturity:	March 3, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes at or above initial index level, par plus greater of return and 31%; if index falls by up to 20%, par plus absolute value of return; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:	2,713.83
Trigger level:	2,171.06, 80% of initial level
Pricing date:	Feb. 28
Settlement date:	March 5
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	Morgan Stanley Smith Barney LLC
Fees:	3.5%
Cusip:	22549E358

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