New Issue: Credit Suisse prices $3.74 million digital buffered notes tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, July 28 – Credit Suisse AG, London Branch, priced $3.74 million of 0% digital buffered notes due Oct. 30, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the final index level of the worst performing index is greater than or equal to its buffer level of 85%, the payout at maturity will be par plus the fixed payment percentage of 6%. Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$3,742,000
Maturity:	Oct. 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level or declines by up to 15%, par plus 6%; otherwise, 1% loss for every 1% lesser-performing index declines beyond 15%
Initial index levels:	1,450.387 for Russell, 2,477.13 for S&P
Buffer levels:	1,232.829 for Russell, 2,105.56 for S&P
Pricing date:	July 25
Settlement date:	July 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22550BDQ3

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