New Issue: Credit Suisse prices $2.62 million buffered PLUS tied to Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., July 7 – Credit Suisse AG, London Branch priced $2.62 million of 0% buffered Performance Leveraged Upside Securities due Jan. 6, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, up to $11.65 per $10 PLUS. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50 index
Amount:	$2,622,990
Maturity:	Jan. 6, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at 37%; investors will receive par if the index declines by 15% or less; otherwise, 1% loss for every 1% decline beyond 15%.
Initial level:	3,454.86
Buffer level:	2,936.63; 85% of initial level
Pricing date:	June 30
Settlement date:	July 6
Agents:	Credit Suisse Securities (USA) LLC with Morgan Stanley Smith Barney LLC as distributor
Fees:	3%
Cusip:	22552J815

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