New Issue: Credit Suisse prices $136,000 digital barrier notes linked to Russell, S&P

By Sarah Lizee

Olympia, Wash., July 10 – Credit Suisse AG, London Branch priced $136,000 of 0% digital barrier notes due July 6, 2022 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.

The payout at maturity will be par plus 25% if each index finishes at or above its initial level.

If either index falls by up to 25%, the payout will be par.

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

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$136,000
Maturity:	July 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 25% if each index finishes at or above its initial level; if either index falls by up to 25%, par; otherwise, par plus the return of the lesser performing index with full exposure to the decline
Initial levels:	3100.29 for S&P and 1441.365 for Russell
Knock-in levels:	2325.2175 for S&P and 1081.02375 for Russell, or 75% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.05%
Cusip:	22552W7D1

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