New Issue: Credit Suisse prices $324,000 digital barrier notes linked to Russell, S&P 500

By Sarah Lizee

Olympia, Wash., July 23 – Credit Suisse AG, London Branch priced $324,000 of 0% digital barrier notes due Jan. 26, 2021 linked to the lower 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.

If a knock-in event does not occur, the payout at maturity will be par plus 9.8%. If a knock-in event does occur, the payout will be par plus the return of the lesser-performing index.

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:	$324,000
Maturity:	Jan. 26, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 9.8% unless either index finishes below knock-in level, in which case par plus return of lesser-performing index
Initial levels:	2,976.61 for S&P 500 and 1,547.896 for Russell 2000
Knock-in levels:	2,232.4575 for S&P 500 and 1,160.922 for Russell 2000, or 75% of initial levels
Pricing date:	July 19
Settlement date:	July 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22552FLP5

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