New Issue: Credit Suisse sells $9.02 million dual directional trigger performance notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Oct. 17 – Credit Suisse AG, London Branch priced $9.02 million of 0% dual directional trigger performance securities due April 15, 2021 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 the gain, capped at par plus 10.3%.

If the index falls by up to its 80% trigger level, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional trigger performance securities
Underlying index:	S&P 500
Amount:	$9,023,350
Maturity:	April 15, 2021
Coupon:	0%
Price:	Par or $10
Payout at maturity:	If index gains, par plus the gain, capped at par plus 10.3%; if index falls by up to 80% trigger level, par plus absolute value of the index return; otherwise, fully exposure to any losses
Initial level:	2,970.27
Trigger level:	2,376.22, 80% of initial level
Pricing date:	Oct. 11
Settlement date:	Oct. 17
Agent:	Credit Suisse Securities (USA) LLC with Morgan Stanley Smith Barney LLC as distributor
Fees:	2.5%
Cusip:	22550K434

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