New Issue: Credit Suisse sells $695,000 digital barrier notes on S&P, Russell

By Tali Rackner

Minneapolis, Jan. 26 – Credit Suisse AG, London Branch priced $695,000 of 0% digital barrier securities due Jan. 26, 2024 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 knock-in level, 70% of its initial level, the payout at maturity will be par plus the fixed payment percentage of 42.5%.

If either index finishes below 70% of its initial level, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

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:	$695,000
Maturity:	Jan. 26, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus 42.5%; otherwise, full exposure to decline of lesser-performing index
Initial index levels:	2,810.30 for S&P 500 and 1,597.628 for Russell 2000
Knock-in levels:	1,967.21 for S&P 500, 1,118.3396 for Russell 2000; 70% of initial levels
Pricing date:	Jan. 19
Settlement date:	Jan. 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.25%
Cusip:	22550W4Q7

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