New Issue: Credit Suisse sells $1.26 million digital barrier notes on S&P 500, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Nov. 18 – Credit Suisse AG, London Branch priced $1.26 million of 0% digital barrier notes due Feb. 3, 2022 linked to the lowest performing of the S&P 500 index and the Nasdaq 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 15.5%.

If the lower performing index falls by no more than 25%, the payout will be par. Otherwise, investors will lose 1% for every decline of the lesser performing index below its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 and Nasdaq-100
Amount:	$1,262,000
Maturity:	Feb. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 15.5%; if either index falls but neither falls by more than 25%, par; otherwise, full exposure to decline of lesser performing index
Initial levels:	3,269.96 for S&P and 11,052.95 for Nasdaq
Knock-in levels:	2,452.47 for S&P and 8,289.7125 for Nasdaq; 75% of initial levels
Pricing date:	Oct. 30
Settlement date:	Nov. 4
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22552WP33

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