New Issue: Credit Suisse sells $494,000 absolute return digital barrier notes on indexes

By Wendy Van Sickle

Columbus, Ohio, May 2 – Credit Suisse AG, London Branch priced $494,000 of 0% absolute return digital barrier securities due May 1, 2020 linked to the least performing of 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 25%.

If either index falls but each index finishes above its knock-in level, 60% of its initial level, the payout will be par plus the absolute value of the return of the worse performing index.

Otherwise, investors will be fully exposed to the decline of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return digital barrier securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$494,000
Maturity:	May 1, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus 25%; if either index falls but each index finishes above knock-in level, par plus absolute value of return of worse performing index; otherwise, full exposure to losses of worse performing index
Initial levels:	1,400.428 for Russell, 2,384.20 for S&P
Knock-in levels:	980.2996 for Russell, 1,688.94 for S&P; 60% of initial levels
Pricing date:	April 28
Settlement date:	May 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22548QYE9

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