New Issue: Credit Suisse prices $1.2 million digital barrier notes on two indexes

By Susanna Moon

Chicago, Dec. 24 – Credit Suisse AG, London Branch priced $1.2 million 0% digital barrier notes due March 21, 2019 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 at or above its initial level, the payout at maturity will be par plus the fixed payment of 30.56%.

If either index falls by up to 20%, the payout will be par.

If either index finishes at or below the 80% 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:	$1.2 million
Maturity:	March 21, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 30.56%; if either index falls by up to 20%, par; if either index falls by more than 20%, full exposure to any losses of worse performing index
Initial levels:	2,005.55 for S&P and 1,121.0201 for Russell
Trigger levels:	1,604.44 for S&P and 896.816 for Russell; 80% of initial levels
Pricing date:	Dec. 18
Settlement date:	Dec. 23
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22546VSP2

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