New Issue: Credit Suisse prices $4.75 million digital-plus barrier notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 23 – Credit Suisse AG, London Branch priced $4.75 million of 0% digital-plus barrier notes due Sept. 28, 2020 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 or equal to the initial index level, the payout at maturity will be par plus the greater of 43% and the index return.

If the final index level is less than the initial index but greater than the knock-out level, 70% of the initial index level, the payout will be par.

If the final index level is less than or equal to the knock-out level, investors will be fully exposed to the decline of the index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital-plus barrier notes
Underlying index:	S&P 500
Amount:	$4,747,000
Maturity:	Sept. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus greater of 43% and index return; if final index level is less than initial index but greater than knock-out level, par; if final index level is less than or equal to knock-out level, full exposure to decline of index from initial level
Initial index level:	2,010.4
Knock-in level:	1,407.28, 70% of initial level
Pricing date:	Sept. 19
Settlement date:	Sept. 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.8%
Cusip:	22547QRW8

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