New Issue: Credit Suisse sells $1.8 million digital barrier notes tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 28 – Credit Suisse AG, London Branch priced $1.8 million of 0% digital barrier notes due March 30, 2020 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 closes at or above its 75% knock-in level every day, the payout at maturity will be par plus the fixed return of 8.5%.

Otherwise, investors will receive par plus the return of the lesser-performing index with full exposure to any losses, subject to a maximum return of zero.

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:	$1,795,000
Maturity:	March 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes at or above knock-in level each day, par plus 8.5%; otherwise, par plus return of lesser-performing index with full exposure to losses and cap of zero
Initial levels:	2,796.11 for S&P and 1,588.805 for Russell
Knock-in levels:	2097.0825 for S&P and 1,191.60375 for Russell; 75% of initial levels
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.18%
Cusip:	22551LUY4

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