New Issue: Credit Suisse prices $13.39 million trigger PLUS linked to S&P 500

By William Gullotti

Buffalo, N.Y., July 12 – Credit Suisse AG, London Branch priced $13.39 million of 0% trigger Performance Leveraged Upside Securities due July 6, 2028 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 1.4 times the index return.

If the index declines but finishes at or above its 65% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to the index’s decline from its initial level.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500 index
Amount:	$13,391,550
Maturity:	July 6, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.4 times any positive index return; if index falls by up to 35%, par; otherwise, 1% loss per 1% decline from initial level
Initial level:	3,785.38
Trigger level:	2,460.5; 65% of initial level
Pricing date:	June 30
Settlement date:	July 6
Underwriter:	Credit Suisse Securities (USA) LLC
Distributor:	Morgan Stanley Smith Barney LLC
Fees:	3.5%
Cusip:	22552J807

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