New Issue: Credit Suisse prices $5.05 million trigger participation securities on S&P

By Sarah Lizee

Olympia, Wash., March 11 – Credit Suisse AG, London Branch priced $5.05 million of 0% trigger participation securities due Sept. 1, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return.

If the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, 76.25% of the initial index level, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC is the dealer.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger participation securities
Underlying index:	S&P 500
Amount:	$5,054,500
Maturity:	Sept. 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than the initial index level, par plus the index return; if the final index level is less than or equal to the initial index but greater than or equal to the trigger value, par; otherwise, investors will lose 1% for every 1% that the index declines from its initial level
Initial level:	2,954.22
Trigger value:	2,252.59, 76.25% of initial level
Pricing date:	Feb. 28
Settlement date:	March 4
Agent:	Credit Suisse Securities (USA) LLC
Dealer:	Morgan Stanley Smith Barney LLC
Fees:	2%
Cusip:	22550V299

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