New Issue: Credit Suisse sells $4.16 million buffered PLUS linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 7 – Credit Suisse AG, London Branch priced $4.16 million of 0% buffered Performance Leveraged Upside Securities due May 5, 2020 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any index gain, up to a cap of $11.67 per PLUS.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$4,161,400
Maturity:	May 5, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, up to a maximum return of 16.7%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial index level:	2,575.26
Buffer level:	2,317.73, 90% of initial level
Pricing date:	Oct. 31
Settlement date:	Nov. 3
Agent:	Credit Suisse Securities (USA) LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	22549D400

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