New Issue: Credit Suisse sells $10.96 million buffered PLUS linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 3 – Credit Suisse AG, London Branch priced $10.96 million of 0% buffered Performance Leveraged Upside Securities due Nov. 4, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 2 times any index gain up to a maximum gain of 22.35%.

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 as distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$10,963,220
Maturity:	Nov. 4, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain up to a maximum gain of 22.35%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial level:	2,648.05
Buffer level:	2,383.25, 90% of initial level
Pricing date:	April 30
Settlement date:	May 3
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	22549M293

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