New Issue: Credit Suisse sells $2.79 million trigger jump securities on Apple

By Wendy Van Sickle

Columbus, Ohio, Aug. 6 – Credit Suisse AG, London Branch priced $2.79 million of 0% trigger jump securities due Aug. 4, 2021 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is zero or positive, the payout at maturity will be par plus 30%.

The payout will be par if the stock declines by 10% or less. If the stock declines by more than 10%, investors will lose 1% for each 1% decline from the initial price.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger jump securities
Underlying stock:	Apple Inc. (Symbol: AAPL)
Amount:	$2,787,760
Maturity:	Aug. 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock return is zero or positive, par plus 30%; par if the stock declines by 10% or less; otherwise, 1% loss for each 1% decline from the initial price
Initial price:	$213.04
Downside threshold:	$191.74, 90% of initial price
Pricing date:	July 31
Settlement date:	Aug. 5
Underwriter:	Credit Suisse Securities (USA) LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	22550F690

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