New Issue: Credit Suisse prices $1.89 million trigger PLUS tied to iShares MSCI EM

By Susanna Moon

Chicago, June 11 – Credit Suisse AG, London branch priced $1.89 million of 0% trigger Performance Leveraged Upside Securities due June 5, 2023 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filed with the Securities and Exchange Commission.

If the fund finishes above its initial level, the payout at maturity will be par plus 1.16 times the gain.

If the fund falls by up to 30%, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London branch
Guarantor:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$1,892,750
Maturity:	June 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If fund gains, par plus 116% of return; if fund falls by up to 30%, par; otherwise, 1% loss per 1% decline
Initial level:	$45.69
Trigger level:	$31.98, 70% of initial level
Pricing date:	May 31
Settlement date:	June 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3%
Cusip:	22549M392

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