New Issue: Credit Suisse sells $2.32 million digital barrier notes on Amazon, Ford, JPMorgan

By William Gullotti

Buffalo, N.Y., April 22 – Credit Suisse AG, London Branch priced $2.32 million of 0% digital barrier notes due Oct. 24, 2023 linked to the lowest performing of Amazon.com, Inc., Ford Motor Co. and JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock finishes at or above its threshold level, 60% of initial level, the payout at maturity will be par plus 31%.

Otherwise, investors will lose 1% for every 1% decline of the lowest performing stock below its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying stocks:	Amazon.com, Inc, Ford Motor Co., JPMorgan Chase & Co.
Amount:	$2,315,000
Maturity:	Oct. 24, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes at or above its threshold level, par plus 31%; otherwise, full exposure to decline of worst performer from initial level
Initial levels:	$3,162.31 for Amazon, $16.15 for Ford, $131.12 for JPMorgan
Threshold levels:	$1,897.386 for Amazon, $9.69 for Ford, $78.672 for JPMorgan; 60% of initial levels
Pricing date:	April 19
Settlement date:	April 22
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22553PST7

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