New Issue: Credit Suisse sells $578,460 trigger PLUS linked to oil & gas ETF

By Marisa Wong

Morgantown, W.Va., Feb. 26 – Credit Suisse AG, London Branch priced $578,460 of 0% trigger Performance Leveraged Upside Securities due Sept. 5, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production 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 300% of the fund, capped at $12.65 per PLUS.

If the fund falls by up to 20%, the payout will be par.

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:	Trigger Performance Leveraged Upside Securities
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production exchange-traded fund
Amount:	$578,460
Maturity:	Sept. 5, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the fund return is positive, par plus 300% of the fund, capped at $12.65 per PLUS; if the fund falls by up to 20%, par; otherwise, 1% loss for each 1% decline from the initial level
Initial price:	$33.92
Trigger price:	$27.14, 80% of initial price
Pricing date:	Feb. 16
Settlement date:	Feb. 22
Agent:	Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
Fees:	2.5%
Cusip:	22549E341

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