New Issue: Credit Suisse sells $611,000 absolute return digital barrier notes on S&P, Russell

By Susanna Moon

Chicago, March 13 – Credit Suisse AG, London Branch priced $611,000 of 0% absolute return digital barrier securities due Feb. 28, 2023 linked to the least performing of the Russell 2000 index and the S&P 500 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 the fixed return of 35%.

If either index falls by up to the 60% knock-in level, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1% for each 1% 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 and Russell 2000
Amount:	$611,000
Maturity:	Feb. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 35%; if either index falls by up to 40%, par plus absolute return; otherwise, 1% loss for each 1% decline of worse performing index
Initial levels:	2,747.30 for S&P and 1,549.186 for Russell
Knock-in levels:	60% of initial levels
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.5%
Cusip:	22550WAV9

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