New Issue: Credit Suisse sells $1.62 million digital plus barrier notes on indexes, ETF

By Sarah Lizee

Olympia, Wash., May 28 – Credit Suisse AG, London Branch priced $1.62 million of 0% digital plus barrier notes due May 28, 2025 linked to the least performing of the Stoxx Europe 600 Banks index, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset finishes at or above its knock-in level, 70% of its initial level, the payout at maturity will be par plus the greater of the fixed return of 85% and the return of the worst performing asset.

Otherwise, investors will lose 1% for each 1% decline of the worst performing asset.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying assets:	Stoxx Europe 600 Banks index, Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
Amount:	$1,622,000
Maturity:	May 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset finishes at or above its knock-in level, par plus the greater of 85% and the return of the worst performing asset; otherwise, 1% loss for each 1% decline of the worst performing asset
Initial levels:	136.89 for Stoxx Europe, 3,369.78 for Stoxx 50, $40.12 for ETF
Knock-in levels:	95.823 for Stoxx Europe, 2,358.846 for Stoxx 50, $28.084 for ETF; 70% of initial levels
Pricing date:	May 20
Settlement date:	May 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22552FFT4

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