New Issue: Credit Suisse sells $4.26 million dual directional buffered participation notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, May 21 – Credit Suisse AG, London Branch priced $4.26 million of 0% dual directional buffered participation securities due Dec. 3, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will par of $10 plus the return of the index, capped at par plus 11.7%.

If the index falls but by no more than the 10% buffer, the payout will be par plus the absolute value of the return.

If the index falls by more than 10%, investors will lose 1% for every 1% decline beyond the 10% buffer.

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 buffered participation notes
Underlying index:	Russell 2000 Jones industrial average
Amount:	$4,255,180
Maturity:	Dec. 3, 2020
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus index return, capped at par plus 11.7%; if the index falls but by no more than 10%, par of $10 plus absolute value of return; if the index falls by more than 10%, investors will lose 1% for each 1% decline beyond buffer
Initial level:	1,548.271
Buffer level:	1,393.444; 90% of initial level
Pricing date:	May 15
Settlement date:	May 20
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	Morgan Stanley Smith Barney LLC
Fees:	2.5%
Cusip:	22550F344

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