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Published on 5/6/2020 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $10.54 million digital buffered notes on Euro Stoxx

By Marisa Wong

Los Angeles, May 6 – Credit Suisse AG, London Branch priced $10.54 million of 0% digital buffered notes due Nov. 12, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 15.79%.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Digital buffered notes
Underlying index:Euro Stoxx 50 index
Amount:$10,535,000
Maturity:Nov. 12, 2021
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above 90% of initial level, par plus 15.79%; otherwise, 1.1111% loss for each 1% decline beyond 10%
Initial level:2,852.46
Pricing date:April 23
Settlement date:April 30
Agent:Credit Suisse Securities (USA) LLC
Fees:1.37%
Cusip:22551NYW0

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