New Issue: Credit Suisse sells $6.51 million digital buffered notes on three SPDR funds

By William Gullotti

Buffalo, N.Y., Nov. 19 – Credit Suisse AG, London Branch priced $6.51 million of 0% digital buffered notes due Dec. 21, 2022 linked to the Materials Select Sector SPDR Fund, the Industrial Select Sector SPDR Fund and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If all funds finish at or above 85% of the initial level, the payout at maturity will be par plus 7.55%.

Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered notes
Underlying funds:	Materials Select Sector SPDR Fund, Industrial Select Sector SPDR Fund, Financial Select Sector SPDR fund
Amount:	$6,511,000
Maturity:	Dec. 21, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If all funds finish at or above buffer level, par plus 7.55%; otherwise, 1% loss for each 1% decline of worst performer below 15%
Initial levels:	$89.69 for Materials, $107.10 for Industrial, $40.15 for Financial
Buffer levels:	$76.2365 for Materials, $91.035 for Industrial, $34.1275 for Financial; 85% of initial level
Strike date:	Nov. 15
Pricing date:	Nov. 16
Settlement date:	Nov. 19
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.22%
Cusip:	22553P5A3

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