New Issue: Credit Suisse sells $2.52 million digital barrier notes on index, fund

By Susanna Moon

Chicago, April 23 – Credit Suisse AG, London Branch priced $2.52 million of 0% digital barrier notes due May 21, 2019 linked to the S&P 500 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying asset never closes below its 65% knock-in level during the life of the notes, the payout at maturity will be par plus the fixed return of 10.85%.

Otherwise, investors will receive par plus the return of the worse performing index or fund with full exposure to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying assets:	S&P 500 index and iShares MSCI Emerging Markets ETF
Amount:	$2,515,000
Maturity:	May 21, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset never closes below knock-in level, par plus 10.85%; otherwise, par plus return of worse performing asset with full exposure to losses
Initial levels:	2,677.84 for S&P and $47.63 for fund
Knock-in levels:	1,740.596 for S&P and $30.9595 for fund; 65% of initial levels
Pricing date:	April 16
Settlement date:	April 19
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.43%
Cusip:	22550WP35

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