New Issue: Credit Suisse sells $5.13 million dual directional buffered notes on Dow

By Sarah Lizee

Olympia, Wash., March 19 – Credit Suisse AG, London Branch priced $5.13 million of 0% dual directional buffered performance notes 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 above the initial level, the payout at maturity will be par plus the gain of the index, capped at par plus 10.15%.

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

Otherwise, investors will lose 1% for each 1% loss of the index beyond the buffer.

Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional buffered performance notes
Underlying index:	Dow Jones Industrial Average
Amount:	$5,132,850
Maturity:	Oct. 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above the initial level, par plus the gain of the index, capped at par plus 10.15%; if the index falls by up to 10%, par plus absolute value of the return of the index; otherwise, 1% loss for each 1% loss of the index beyond the buffer
Initial index level:	25,848.87
Buffer level:	23,263.98; 90% of initial level
Pricing date:	March 15
Settlement date:	March 20
Placement agent:	Credit Suisse Securities (USA) LLC with Morgan Stanley Smith Barney LLC handling distribution
Fees:	2.5%
Cusip:	22549Y776

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