New Issue: Credit Suisse sells $5.74 million dual directional trigger PLUS on iShares MSCI EM

By Marisa Wong

Morgantown, W.Va., Oct. 10 – Credit Suisse AG, London Branch priced $5.74 million of 0% dual directional trigger Performance Leveraged Upside Securities due Oct. 2, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 200% of the fund return, up to a maximum return of 28%.

If the fund falls by up to 20%, the payout will be par plus the absolute value of the fund return.

Otherwise, investors will lose 1% for each 1% decline from the initial level.

Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional trigger Performance Leveraged Upside Securities
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$5,743,150
Maturity:	Oct. 2, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the fund return is positive, par plus 200% of the fund return, up to a maximum return of 28%; if the fund falls by up to 20%, par plus the absolute value of the fund return; otherwise, 1% loss for each 1% decline from the initial level
Initial value:	$44.81
Trigger level:	$35.85, 80% of initial value
Pricing date:	Sept. 29
Settlement date:	Oct. 4
Agent:	Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
Fees:	3%
Cusip:	22549D145

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