New Issue: Credit Suisse prices $500,000 digital barrier notes linked to sector funds

By Kiku Steinfeld

Chicago, Aug. 8 – Credit Suisse AG, London Branch priced $500,000 of 0% digital barrier notes due Jan. 18, 2023 linked to the Materials Select Sector SPDR fund, the Energy Select Sector SPDR fund and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 10.5% unless any fund finishes at or below its knock-in level, 75% of its initial level, in which case investors will be exposed to the decline of the lesser-performing fund from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying funds:	Materials Select Sector SPDR fund, Energy Select Sector SPDR fund and Financial Select Sector SPDR fund
Amount:	$500,000
Maturity:	Jan. 18, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10.5% unless any fund finishes at or below its knock-in level, in which case investors will be exposed to the decline of the lesser-performing fund from its initial level
Initial share prices:	$89.36 for materials, $63.23 for energy, $41.39 for financial
Knock-in levels:	$67.02 for materials, $47.4225 for energy, $31.0425 for financial; 75% of initial level
Pricing date:	Jan. 11
Settlement date:	Jan. 14
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.6%
Cusip:	22553PF79

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