New Issue: Credit Suisse prices $1.2 million digital plus buffered notes linked to index basket

By William Gullotti

Buffalo, N.Y., July 14 – Credit Suisse AG, London Branch priced $1.2 million of 0% digital plus buffered notes due July 10, 2024 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with a 9% weight.

If the basket finishes gains or declines by no more than 10%, the payout at maturity will be par plus the greater of the basket return and 15.1%.

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 plus buffered notes
Underlying indexes:	Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight), S&P/ASX 200 index (9% weight)
Amount:	$1,195,000
Maturity:	July 10, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket finishes at or above its 90% buffer level, par plus the greater of the basket return and 15.1%; otherwise, 1.1111% loss for each 1% decline beyond 10%
Initial levels:	3,506.55 for Stoxx, 1,887.43 for Topix, 7,196.24 for FTSE, 11,015.03 for Swiss Market, 6,678.011 for S&P/ASX
Buffer level:	90% of initial basket level
Pricing date:	July 8
Settlement date:	July 15
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22553QCA3

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