New Issue: Credit Suisse sells $1.07 million dual directional buffered notes on S&P

Chicago, July 15 – Credit Suisse AG, London Branch priced $1.07 million of 0% dual directional buffered notes due July 15, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus the gain of the index, capped at par plus 7%.

If the index falls by up to 10.5%, the payout will be par plus the absolute value of the return of the index.

Otherwise, investors will lose 1.11732% for each 1% loss of the index beyond the buffer.

J.P. Morgan Securities LLC is the placement agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional buffered notes
Underlying index:	S&P 500
Amount:	$1,065,000
Maturity:	July 15, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above the initial level, par plus the gain of the index, capped at par plus 7%; if the index falls by up to 10.5%, par plus absolute value of the return of the index; otherwise, 1.11732% loss for each 1% loss of the index beyond the buffer
Initial index level:	2941.76
Buffer level:	2632.88; 89.5% of initial level
Pricing date:	June 28
Settlement date:	July 3
Placement agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	22552FLS9

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