New Issue: Credit Suisse sells $840,000 digital buffered notes on two funds

By Wendy Van Sickle

Columbus, Ohio, Sept. 24 – Credit Suisse AG, London Branch priced $840,000 of 0% digital buffered notes due Sept. 22, 2023 linked to the SPDR S&P Oil & Gas Exploration & Production ETF and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser performing fund finishes at or above 80% of its initial level, the payout at maturity will be $1,038 for each $1,000 of notes.

Otherwise, investors will lose 1% for each 1% decline of the lesser performing fund beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered notes
Underlying funds:	SPDR S&P Oil & Gas Exploration & Production ETF and Financial Select Sector SPDR fund
Amount:	$840,000
Maturity:	Sept. 22, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing fund finishes at or above buffer level, $1,038 for each $1,000 of notes; otherwise, 1% loss for each 1% decline of lesser performing fund beyond buffer
Initial level:	$45.23 for oil and gas, $24.71 for financial
Buffer level:	$36.184 for oil and gas, $19.768 for financial, 80% of initial level
Pricing date:	Sept. 15
Settlement date:	Sept. 22
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22552WJ97

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