New Issue: Credit Suisse sells $215,000 digital barrier notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 3 – Credit Suisse AG, London Branch priced $215,000 of 0% digital barrier notes due Dec. 29, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index finishes at or above its initial level, the payout at maturity will be par plus 46.35%.

If the lesser-performing index finishes below its initial level but each index finishes above its knock-in level, 70% of its initial level, the payout will be par.

If the lesser-performing index finishes below its knock-in level, investors will be fully exposed to the decline of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$215,000
Maturity:	Dec. 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser-performing index finishes at or above initial level, par plus 46.35%; if lesser-performing index finishes below initial level but each index finishes above knock-in level, par; otherwise, full exposure to decline of lesser-performing index
Initial index levels:	2,684.57 for S&P 500 and 1,547.107 for Russell 2000
Knock-in levels:	1,879.199 for S&P 500, 1,082.9749 for Russell 2000; 70% of initial levels
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22550BRA3

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