New Issue: Credit Suisse sells $2.65 million digital buffered notes on two ETFs, Russell index

By William Gullotti

Buffalo, N.Y., Dec. 17 – Credit Suisse AG, London Branch priced $2.65 million of 0% digital buffered notes due Dec. 13, 2024 linked to the iShares MSCI Emerging Markets ETF, the Financial Select Sector SPDR Fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlier finishes at or above its initial level, the payout at maturity will be par plus 45%.

If any underlier declines but all finish at or above 80% of the initial level, the payout at maturity will be par.

Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered notes
Underlying assets:	iShares MSCI Emerging Markets ETF, Financial Select Sector SPDR Fund, Russell 2000 index
Amount:	$2,646,000
Maturity:	Dec. 13, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If all underliers finish at or above initial level, par plus 45%; if the worst performer declines but finishes at or above buffer level, par; otherwise, lose 1% for every 1% decline of the worst performer beyond 20%
Initial levels:	$50.08 for EM ETF, $39.05 for SPDR ETF, 2211.806 for Russell
Buffer levels:	$40.064 for EM ETF, $31.24 for SPDR ETF, 1769.4448 for Russell; 80% of initial level
Pricing date:	Dec. 10
Settlement date:	Dec. 15
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22553PAY5

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