New Issue: Credit Suisse sells $3.46 million digital plus barrier notes on the Dow, Russell

By Marisa Wong

Morgantown, W.Va., June 19 – Credit Suisse AG, London Branch priced $3.46 million of 0% digital plus barrier notes due June 13, 2022 linked to the Dow Jones industrial average 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, 55% of the initial level, the payout at maturity will be par plus the greater of the return of the lesser performing index and the fixed payment percentage of 26.25%.

If either index falls to or below the knock-in level, investors will be fully exposed to the lesser performing index’s decline from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying indexes:	Dow Jones industrial average, Russell 2000
Amount:	$3,461,000
Maturity:	June 13, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above its knock-in level, par plus the greater of the return of the lesser performing index and 26.25%; if either index falls to or below the knock-in level, full exposure to the lesser performing index’s decline from its initial level
Initial levels:	21,182.53 for the Dow, 1,415.612 for Russell
Knock-in levels:	11,650.39 for the Dow, 778.587 for Russell; 55% of initial levels
Pricing date:	June 8
Settlement date:	June 13
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.7%
Cusip:	22550BA45

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