New Issue: Credit Suisse prices $2.53 million digital plus barrier notes linked to S&P, Russell

By Kiku Steinfeld

Chicago, July 5 – Credit Suisse AG, London Branch priced $2.53 million of 0% digital plus barrier notes due May 31, 2024 tied to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either index finishes below its knock-in level, 70% of its initial level.

If a knock-in event does not occur, the payout at maturity will be par plus the fixed payment percentage of 42.50%.

If a knock-in event does occur, investors will lose 1% for each 1% decline of the lowest 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:	$2,532,000
Maturity:	May 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If neither index finishes below knock-in level, par plus 42.5%; otherwise 1% loss for each 1% decline in lowest performing index
Initial levels:	2,802.39 for S&P, 1,504.019 for Russell
Knock-in levels:	1,961.673 for S&P, 1,052.8133 for Russell; 70% of initial levels
Pricing date:	May 28
Settlement date:	May 31
Agents:	Credit Suisse Securities (USA) LLC
Fees:	4.6%
Cusip:	22552FDG4

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