New Issue: Credit Suisse prices $1.76 million digital barrier notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Aug. 24 – Credit Suisse AG, London Branch priced $1.76 million of 0% digital barrier notes due Aug. 25, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the lowest-performing index is greater than its knock-in level, 70% of its initial level, the payout at maturity will be par plus 46%.

If either index finishes at or below its knock-in level, investors will be fully exposed to the decline of the lowest-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:	$1,759,000
Maturity:	Aug. 25, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of lowest-performing index is greater than knock-in level, par plus 46%; if either index finishes at or below its knock-in level, full exposure to decline of lowest-performing index
Initial index levels:	2,425.55 for S&P, 1,357.793 for Russell
Knock-in levels:	1,697.885 for S&P and 950.4551 for Russell; 70% of initial levels
Pricing date:	Aug. 18
Settlement date:	Aug. 25
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.75%
Cusip:	22550BEQ2

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