New Issue: Credit Suisse prices $1.4 million digital barrier notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, May 2 – Credit Suisse AG, London Branch priced $1.4 million of 0% digital barrier notes due May 29, 2020 tied to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either index finishes below its knock-in level, 73% of its initial level.

If a knock-in event does not occur, the payout at maturity will be par plus the fixed payment percentage of 6.35%.

If a knock-in event does occur, investors will lose 1% for each 1% decline of the lowest 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:	$1,395,000
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If neither index finishes below knock-in level, par plus 6.35%; otherwise 1% loss for each 1% decline in lowest performing index
Initial levels:	2,939.88 for S&P and 1,591.816 for Russell
Knock-in levels:	2,146.112 for S&P and 1,162.02568 for Russell, or 73% of initial levels
Pricing date:	April 28
Settlement date:	May 1
Agents:	Credit Suisse Securities (USA) LLC
Fees:	0.43%
Cusip:	22552FBA9

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