New Issue: Credit Suisse prices $7.77 million digital buffered notes on S&P 500

By William Gullotti

Buffalo, N.Y., March 18 – Credit Suisse AG, London Branch priced $7.77 million 0% digital buffered notes due Feb. 22, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 18.05%.

Otherwise, investors will lose 1.1765% for each 1% decline beyond the 15% buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered notes
Underlying index:	S&P 500 index
Amount:	$7,772,000
Maturity:	Feb. 22, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at or above buffer level, par plus 18.05%; otherwise, 1.1765% loss for each 1% drop beyond buffer
Initial level:	4,262.45
Buffer level:	85% of initial level
Pricing date:	March 15
Settlement date:	March 22
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22553PN70

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