New Issue: Credit Suisse prices $4 million buffered PLUS tied to FTSE 100

By William Gullotti

Buffalo, N.Y., Feb. 4 – Credit Suisse AG, London Branch priced $4 million of 0% buffered Performance Leveraged Upside Securities due Feb. 5, 2025 linked to the FTSE 100 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 135% of the index return.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

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:	FTSE 100 index
Amount:	$6,369,500
Maturity:	Feb. 5, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index return is positive, the payout at maturity will be par plus 135% of the index return; investors will receive par if the index declines by 10% or less; otherwise, 1% loss for every 1% decline beyond 10%.
Initial level:	7,464.37
Buffer level:	6,717.93; 90% of initial level
Pricing date:	Jan. 31
Settlement date:	Feb. 3
Agents:	Credit Suisse Securities (USA) LLC with Morgan Stanley Smith Barney LLC as distributor
Fees:	3%
Cusip:	22552J260

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