Credit Suisse plans PLUS due 2018 with 3x leverage, cap tied to S&P 500

By Susanna Moon

Chicago, Aug. 3 – Credit Suisse AG, London Branch plans to price 0% Performance Leveraged Upside Securities due Dec. 5, 2018 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 triple any index gain, up to a maximum return of 11.7%.

Investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent with distribution through Morgan Stanley Wealth Management.

The notes will price on Aug. 15.

The Cusip number is 22549C618.

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