New Issue: Credit Suisse sells $1.35 million digital plus barrier notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 6 – Credit Suisse AG, London Branch priced $1.35 million of 0% digital plus barrier notes due Feb. 5, 2024 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the fixed return of 65% and the return of the worse performing index.

If either index falls but neither finishes below the 70% knock-in level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,347,000
Maturity:	Feb. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus greater of 65% and return of worse performing index; if either index falls but neither falls by more than 30%, par; otherwise, 1% loss for each 1% decline of worse performing index
Initial levels:	2,704.10 for S&P and 1,499.419 for Russell
Knock-in levels:	1,892.87 for S&P and 1,049.5933 for Russell; 70% of initial levels
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.125%
Cusip:	22551LRU6

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