Credit Suisse plans dual directional buffered notes linked to the Dow

By Susanna Moon

Chicago, March 4 – Credit Suisse AG, London Branch plans to price 0% dual directional buffered performance securities due Oct. 5, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the gain up to a maximum return of 10.15%.

If the index falls by up 10%, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be exposed to any losses beyond the 10% buffer.

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

The notes will price March 15.

The Cusip number is 22549Y776.

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