New Issue: Credit Suisse sells $804,000 digital plus barrier notes on S&P, Russell

By Marisa Wong

Morgantown, W.Va., April 13 – Credit Suisse AG, London Branch priced $804,000 of 0% digital plus barrier notes due April 3, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the index return and the fixed payment percentage of 30%.

If either index falls but both finish above the knock-in level, 70% of its initial index level, the payout will be par.

If either index falls to or below the knock-in level, investors will be fully exposed to the lesser performing index’s decline from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$804,000
Maturity:	April 3, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of lesser-performing index is greater than or equal to initial level, par plus greater of lesser-performing index’s return and 30%; if either index falls but both finish above knock-in level, par; if either index finishes at or below knock-in level, full exposure to decline of lesser-performing index
Initial levels:	1,385.920 for Russell, 2,362.72 for S&P
Knock-in levels:	970.144 for Russell, 1,653.904 for S&P; 70% of initial levels
Pricing date:	March 31
Settlement date:	April 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22548QWD3

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