New Issue: Credit Suisse prices $2.02 million trigger PLUS linked to S&P 500

By William Gullotti

Buffalo, N.Y., June 22 – Credit Suisse AG, London Branch priced $2.02 million of 0% trigger Performance Leveraged Upside Securities due June 3, 2027 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 1.16 times the index return.

If the index falls but finishes at or above its 80% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the underwriter. Morgan Stanley Smith Barney LLC is acting as distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500 index
Amount:	$2,020,000
Maturity:	June 3, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.16 times any positive index return; if index falls by up to 20%, par; otherwise, 1% loss per 1% decline
Initial level:	4,173.85
Trigger level:	3,339.08; 80% of initial level
Pricing date:	May 14
Settlement date:	May 19
Underwriter:	Credit Suisse Securities (USA) LLC
Distributor:	Morgan Stanley Smith Barney LLC
Fees:	3.5%
Cusip:	22551F848

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