New Issue: Credit Suisse sells $2.64 million bear PLUS linked inversely to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 3 – Credit Suisse AG, London Branch priced $2.64 million of 0% bear Performance Leveraged Upside Securities due Jan. 31, 2019 linked inversely to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple the absolute value of any index decline, up to a maximum payment of $12.70 per note.

Investors will lose 1% for each 1% index gain, with a minimum payout of zero.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Bear Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$2,635,500
Maturity:	Jan. 31, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple the absolute value of any index decline, up to a maximum payment of $12.70 per note; investors will lose 1% for each 1% index gain, with a minimum payout of zero
Initial level:	2,294.69
Pricing date:	Jan. 27
Settlement date:	Feb. 1
Agent:	Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
Fees:	2.5%
Cusip:	22549A273

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