New Issue: Credit Suisse sells $1 million absolute return digital plus barrier notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., March 30 – Credit Suisse AG, London Branch priced $1 million of 0% absolute return digital plus barrier notes due March 25, 2025 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If neither index falls from its initial level, the payout at maturity will be par plus the greater of any gain of the laggard index and 51%.

If either index falls but not by more than 30%, the payout will be par plus the absolute value of the return of the laggard index.

Otherwise, the payout will be par plus the return of the least performing index with full exposure to the decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return digital plus barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1 million
Maturity:	March 25, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains or finishes flat, par plus greater of return of laggard index and 51%; if laggard index falls by up to 30%, par plus the absolute value of the return of the laggard index; otherwise, par plus the return of the least performing index with full exposure to the decline
Initial levels:	2,304.92 for S&P, 1,013.889 for Russell
Knock-in levels:	1,613.444 for S&P, 709.7223 for Russell, or 70% of initial levels
Pricing date:	March 20
Settlement date:	March 25
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.125%
Cusip:	22551NV37

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