New Issue: Credit Suisse sells $1.85 million digital barrier notes on Stoxx Banks

By Sarah Lizee

Olympia, Wash., Aug. 27 – Credit Suisse AG, London Branch priced $1.85 million of 0% digital barrier notes due Feb. 27, 2020 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be the fixed payment of $1,195 per $1,000 of notes.

If the index declines but finishes at or above its 70% knock-in level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying index:	Euro Stoxx Banks index
Amount:	$1,850,000
Maturity:	Feb. 27, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its initial level, fixed payment of $1,195 per $1,000 of notes; if index declines but finishes at or above its 70% knock-in level, par; otherwise, full exposure to any losses
Initial level:	106.56
Knock-in level:	74.592, 70% of initial level
Pricing date:	Aug. 23
Settlement date:	Aug. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22551L5C0

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