New Issue: Credit Suisse sells $590,000 digital barrier notes on S&P 500, Nasdaq

By Taylor Fox

New York, Dec. 7 – Credit Suisse AG, London Branch priced $590,000 of 0% digital barrier notes due March 1, 2022 linked to the lowest performing of the S&P 500 index and the Nasdaq 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 10.25%.

If the lower performing index falls by no more than 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the lesser performing index below its initial level.

Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 and Nasdaq-100
Amount:	$590,000
Maturity:	March 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 10.25%; if either index falls but neither falls by more than 25%, par; otherwise, full exposure to decline of lesser performing index
Initial levels:	3,635.41 for S&P and 12,079.81 for Nasdaq
Knock-in levels:	2,726.5575 for S&P and 9,059.8575 for Nasdaq; 75% of initial levels
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agents:	Credit Suisse Securities (USA) LLC and Incapital LLC
Fees:	2.25%
Cusip:	22552WRT4

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