New Issue: Credit Suisse prices $5.5 million digi cert plus notes linked to S&P 500, Russell 2000

By Toni Weeks

San Luis Obispo, Calif., July 30 – Credit Suisse AG, London Branch priced $5.5 million of 0% digi cert plus securities due May 5, 2016 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is equal to or greater than its knock-in level, 80% of the initial level, the payout at maturity will be par plus the 22.35% fixed payment percentage.

If either index finishes below its knock-in level, investors will lose 2% for every 1% decline of the worst-performing index from its initial level to its final level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digi cert plus securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$5.5 million
Maturity:	May 5, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 80% knock-in level, par plus 22.35%; otherwise, 2% loss for every 1% decline of worst-performing index from its initial to final level
Initial index levels:	1,978.34 for S&P 500 and 1,144.72 for Russell 2000
Knock-in levels:	1,582.67 for S&P 500 and 915.78 for Russell 2000, 80% of initial levels
Pricing date:	July 25
Settlement date:	July 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.42%
Cusip:	22547QRB4

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