New Issue: Credit Suisse prices $2.17 million digital barrier notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, July 5 – Credit Suisse AG, London Branch priced $2.17 million of 0% digital barrier notes due July 31, 2020 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, 75% of its initial level, on any trading day during the life of the notes.

If a knock-in event does not occur, the payout at maturity will be par plus the fixed payment percentage of 9.5%.

If a knock-in event does occur, investors will lose 1% for each 1% decline of the lowest performing index, capped at par.

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:	$2,173,000
Maturity:	July 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If neither index finishes below knock-in level during life of notes, par plus 9.5%; otherwise 1% loss for each 1% decline in lowest performing index, capped at par
Initial levels:	2,941.76 for S&P, 1,566.572 for Russell
Knock-in levels:	2,206.32 for S&P, 1174.929 for Russell; 75% of initial levels
Pricing date:	June 28
Settlement date:	July 3
Agents:	Credit Suisse Securities (USA) LLC
Fees:	0.68%
Cusip:	22552FG63

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