Chicago, Sept. 3 – Credit Suisse AG, London Branch priced $1 million of 0% digital barrier notes due Sept. 11, 2020 tied to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if the closing level of any index is less than 70% of its initial level on any trading day during the life of the notes.
If a knock-in event has not occurred, investors will receive the digital payment of 9.5%, or $1,095 per $1,000 principal amount of notes.
If the closing level of any index is less than 70% of its initial level on any trading day, investors will be fully exposed to the losses of the least performing index with a maximum payout of par.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Digital barrier notes
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| Underlying indexes: | S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index
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| Amount: | $1,000,000
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| Maturity: | Sept. 11, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | 9.5% digital payment unless any index closes below the 70% knock-in level during the life of the notes in which case return of the least performing index with a maximum payout of par
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| Initial levels: | 2932.05 for S&P 500, 1533.659 for Russell 2000 and 3376.12 for Euro Stoxx 50
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| Knock-in levels: | 2052.435 for S&P 500, 1073.5613 for Russell 2000 and 2363.284 for Euro Stoxx 50, 70% of initial levels
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| Pricing date: | Aug. 5
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| Settlement date: | Aug. 8
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 0.3%
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| Cusip: | 22552FS60
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