New Issue: Credit Suisse sells $3.54 million digital plus barrier notes on SPDR S&P 500 ETF Trust

By Kiku Steinfeld

Chicago, May 19 – Credit Suisse AG, London Branch priced $3.54 million of 0% digital plus barrier notes due May 19, 2025 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above 80% its initial level, the payout at maturity will be par plus the greater of the fund gain and a fixed payment of 15.3%.

Otherwise, investors will receive a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying ETF:	SPDR S&P 500 ETF Trust
Amount:	$3,544,000
Maturity:	May 19, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If fund finishes at or above 80%, par plus return, floor of 15.3%; otherwise, a number of shares equal to $1,000 divided by initial share price or cash equivalent
Initial price:	$284.97
Knock-in price:	$227.976, 80% of initial level
Pricing date:	May 14
Settlement date:	May 21
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	4%
Cusip:	22552W3B9

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