New Issue: Credit Suisse sells $2.97 million digital barrier notes tied to indexes

By Marisa Wong

Morgantown, W.Va., Nov. 2 – Credit Suisse AG, London Branch priced $2.97 million of 0% digital barrier notes due May 1, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its knock-in level, 75% of the initial level, the payout at maturity will be par plus the fixed payment of 10.5%.

If either index finishes at or below the knock-in level, investors will be fully exposed to any losses of the worse performing index.

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:	$2,974,000
Maturity:	May 1, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is greater than negative 25%, par plus 10.5%; full exposure to losses of worse performing index if either index falls by 25% or more
Initial levels:	2,075.15 for S&P, 1,166.058 for Russell
Barrier levels:	1,556.3625 for S&P, 874.5435 for Russell; 75% of initial levels
Pricing date:	Oct. 23
Settlement date:	Oct. 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.95%
Cusip:	22546VMU7

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