New Issue: Credit Suisse sells $2.5 million digital barrier notes on Amazon, Facebook

By Tali Rackner

Minneapolis, May 3 – Credit Suisse AG, London Branch priced $2.5 million of 0% digital barrier notes due April 27, 2021 linked to the lesser performing of the common stock of Amazon.com, Inc. and the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock finishes at or above its 60% knock-in level, the payout at maturity will be par plus the fixed return of 37.2%.

Otherwise, investors will be fully exposed to any losses of the lesser-performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying stocks:	Facebook, Inc. (Symbol: FB), Amazon.com, Inc. (Symbol: AMZN)
Amount:	$2.5 million
Maturity:	April 27, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes at or above knock-in level, par plus 37.2%; otherwise, par plus return of lesser-performing stock with full exposure to losses
Initial prices:	$1,527.49 for Amazon, $166.28 for Facebook
Knock-in levels:	$916.49 for Amazon, $99.77 for Facebook; 60% of initial levels
Pricing date:	April 20
Settlement date:	April 27
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22550WN37

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