New Issue: Credit Suisse prices $9.5 million bear PLUS linked to Nasdaq-100

By Angela McDaniels

Tacoma, Wash., Nov. 1 – Credit Suisse AG, London Branch priced $9.5 million of 0% bear Performance Leveraged Upside Securities due May 5, 2020 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is less than the initial index level, the payout at maturity will be par of $10 plus 3% for every 1% that the index declines from its initial level, subject to a maximum return of 13.7%. If the final index level is greater the initial index level, the payout will be par minus 1% for every 1% that the index increases from its initial level.

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC handling distribution.

Issuer:	Credit Suisse AG, London Branch
Issue:	Bear Performance Leveraged Upside Securities
Underlying index:	Nasdaq-100
Amount:	$9,503,000
Maturity:	May 5, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is less than initial index level, par plus 3% for every 1% that index declines, subject to maximum return of 13.7%; if final index level is greater initial index level, par minus 1% for every 1% that index increases
Initial level:	8,083.113
Pricing date:	Oct. 30
Settlement date:	Nov. 4
Agent:	Credit Suisse Securities (USA) LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	1.75%
Cusip:	22550K350

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