New Issue: Credit Suisse sells $6.21 million digital barrier notes tied to indexes

By Susanna Moon

Chicago, March 15 – Credit Suisse AG, London branch priced $6.21 million of 0% digital barrier notes due March 29, 2019 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 underlying index finishes at or above its initial level, the payout at maturity will be par plus the digital return of 9.25%.

If either index ever closes below its 70% knock-in level during the life of the notes, the payout at maturity will be par.

Otherwise, investors will be fully exposed to the decline of the worse performing component.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Digital barrier notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$6,209,000
Maturity:	March 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 9.25%; if either index ever closes below 70% knock-in, par; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	2,779.60 for S&P, 1,559.332 for Russell
Barrier levels:	70% of initial levels
Pricing date:	Feb. 26
Settlement date:	March 1
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.43%
Cusip:	22550WDV6

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