New Issue: Credit Suisse prices $99,000 digital barrier notes on energy, financial funds

By Tali Rackner

Norfolk, Va., Oct. 6 – Credit Suisse AG, London Branch priced $99,000 of 0% digital barrier notes due Oct. 5, 2020 linked to the Energy Select Sector SPDR fund and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either underlying fund finishes at or below its knock-in level, 60% of its initial level.

If the return of the worst-performing fund is positive, the payout at maturity will be par plus the fixed payment of 65%.

Otherwise, investors will receive par unless a knock-in event occurs, in which case investors will lose 1% for each 1% loss of the worse performing fund.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying funds:	Energy Select Sector SPDR fund, Financial Select Sector SPDR fund
Amount:	$99,000
Maturity:	Oct. 5, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus fixed payment of 65% unless either fund finishes at or below its knock-in level, in which case investors will share fully in the decline of the worse performing fund
Initial levels:	70.61 for Energy Select, 19.30 for Financial Select
Knock-in levels:	42.366 for Energy Select, 11.58 for Financial Select; 60% of initial level
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.7%
Cusip:	22548QFF7

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