New Issue: Credit Suisse prices $20 million PLUS tied to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, April 26 – Credit Suisse AG, London Branch priced $20 million of 0% Performance Leveraged Upside Securities due July 22, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, up to $12 per $10 PLUS. Investors will be fully exposed to any losses of the index.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Performance Leveraged Upside Securities
Underlying index:	Russell 2000
Amount:	$20 million
Maturity:	July 22, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return up to $12 per $10 PLUS; 1% loss for every 1% decline from initial level
Initial level:	2,262.67
Pricing date:	April 19
Settlement date:	April 23
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	Morgan Stanley Smith Barney LLC
Fees:	2.3%
Cusip:	22551F822

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