New Issue: Credit Suisse sells $334,000 digital plus barrier notes on S&P, Russell

By Marisa Wong

Morgantown, W.Va., April 25 – Credit Suisse AG, London Branch priced $334,000 of 0% digital plus barrier securities due April 3, 2023 linked to the lesser 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 index finishes at or above the initial level, the payout at maturity will be par plus the greater of the fixed return of 38% and the return of the worse performing index.

If each index finishes at or above the 75% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$334,000
Maturity:	April 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above the initial level, par plus the greater of the fixed return of 38% and the return of the worse performing index; if each index finishes at or above the 75% knock-in level, par; otherwise, investors will be fully exposed to any losses of the worse performing index
Initial levels:	2,834.40 for S&P, 1,539.739 for Russell
Knock-in levels:	2,125.80 for S&P, 1,154.80425 for Russell; 75% of initial levels
Pricing date:	March 29
Settlement date:	April 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.6%
Cusip:	22552F2P6

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