New Issue: Credit Suisse prices $3 million digital barrier notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., Aug. 21 – Credit Suisse AG, London Branch priced $3 million of digital barrier notes due Aug. 27, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either index finishes at or below its knock-in level, 70% of its initial level.

If a knock-in event does not occur, the payout at maturity will be par plus 21.5%.

If a knock-in event occurs,

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:	$3 million
Maturity:	Aug. 27, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If either index finishes at or below knock-in level, 1% loss for every 1% that lesser-performing index’s final level is less than initial level; otherwise, par plus 21.5%
Initial index levels:	2,079.61 for S&P 500 and 1,202.979 for Russell 2000
Knock-in levels:	1,455.73 for S&P 500 and 842.09 for Russell 2000
Pricing date:	Aug. 19
Settlement date:	Aug. 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.37%
Cusip:	22546VKE5

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