New Issue: Credit Suisse sells $1.13 million digital barrier notes on Russell, S&P

By Kiku Steinfeld

Chicago, Oct. 17 – Credit Suisse AG, London Branch priced $1.13 million of 0% digital barrier notes due Feb. 24, 2028 linked to the lowest performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser performing index gains or if it falls by no more than 30%, the payout will be par plus 48.35%.

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

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$1,132,000
Maturity:	Feb. 24, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing index gains or if it falls by no more than 30%, par plus 48.35%; otherwise, full exposure to decline of lesser performing index
Initial levels:	2009.333 for Russell, 4348.87 for S&P
Threshold levels:	1406.5331 for Russell, 3044.209 for S&P; 70% of initial levels
Pricing date:	Feb. 18, 2022
Settlement date:	Feb. 24, 2022
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22553PHB8

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