By Wendy Van Sickle
Columbus, Ohio, Jan. 5 – Credit Suisse AG, London Branch priced $595,000 of 0% digital plus barrier notes due Jan. 6, 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 the index return and the fixed payment percentage of 28%.
If the final index level is less than the initial index level but greater than the knock-in 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-in level, investors will be fully exposed to the index’s decline from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Digital plus barrier notes
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| Underlying index: | S&P 500
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| Amount: | $595,000
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| Maturity: | Jan. 6, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index return is at least zero, par plus gain with floor of 28%; par if index falls by up to 30%; full exposure to losses if index falls by 30% or more
|
| Initial level: | 2,043.94
|
| Knock-in level: | 1,430.758, 70% of initial level
|
| Pricing date: | Dec. 31
|
| Settlement date: | Jan. 6
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2%
|
| Cusip: | 22546VRP3
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