New Issue: Credit Suisse prices $4.69 million trigger PLUS linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., Sept. 20 – Credit Suisse AG, London Branch priced $4.69 million of 0% trigger Performance Leveraged Upside Securities due Jan. 20, 2023 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 144.5% of the ETF return. Investors will receive par if the ETF declines by 40% or less and will be fully exposed to the ETF’s decline from its initial share price if it falls by more than 40%.

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Wealth Management is acting as distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger Performance Leveraged Upside Securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$4,689,130
Maturity:	Jan. 20, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF return is positive, par plus 144.5% of ETF return; if ETF return is negative but final share price is greater than or equal to trigger price, par; otherwise, full exposure to ETF’s decline
Initial share price:	$36.51
Trigger price:	$21.91, 60% of the initial price
Pricing date:	Sept. 16
Settlement date:	Sept. 21
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	22548T166

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