New Issue: Credit Suisse sells $1.36 million digital barrier notes on three stocks

By Sarah Lizee

Olympia, Wash., Oct. 18 – Credit Suisse AG, London Branch priced $1.36 million of 0% digital barrier notes due Oct. 23, 2019 linked to worst performing of the common stocks of DocuSign, Inc., Netflix, Inc. and Southwest Airlines Co., according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if any stock finishes below its knock-in level, 60% of the initial level.

Upon maturity, investors will receive par plus the 27% fixed payment unless a knock-in event occurs, in which case investors will lose 1% for each 1% loss of the worse performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying stocks:	DocuSign, Inc. (Symbol: DOCU), Netflix, Inc. (Symbol: NFLX) and Southwest Airlines Co. (Symbol: LUV)
Amount:	$1.36 million
Maturity:	Oct. 23, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the 27% fixed payment unless a knock-in event occurs, in which case investors will lose 1% for each 1% loss of the worse performing stock
Initial levels:	$44.64 for DocuSign, $339.56 for Netflix, $57.38 for Southwest
Knock-in levels:	$26.784 for DocuSign, $203.736 for Netflix, $34.428 for Southwest; 60% of initial levels
Pricing date:	Oct. 16
Settlement date:	Oct. 18
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22551LFW5

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