New Issue: Credit Suisse sells $2.3 million buffer digital notes linked to indexes

By Wendy Van Sickle

Columbus, Ohio, May 2 – Credit Suisse AG, London Branch priced $2.3 million of 0% buffer digital notes due Jan. 6, 2023 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 80% digital barrier level, the payout at maturity will be par plus 44.1%.

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

UBS Financial Services Inc. is the distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffer digital notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$2.3 million
Maturity:	Jan. 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above digital barrier, par plus 44.1%; otherwise, full exposure to losses of worse performing index
Initial levels:	1,400.428 for Russell, 2,384.20 for S&P
Barrier levels:	1120.342 for Russell, 1,907.36 for S&P; 80% of initial levels
Strike date:	April 28
Pricing date:	May 1
Settlement date:	May 3
Distributor:	UBS Financial Services Inc.
Fees:	1.25%
Cusip:	22549A851

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