New Issue: Credit Suisse prices $179,000 digital barrier notes linked to Russell, S&P 500

By Sarah Lizee

Olympia, Wash., Aug. 22 – Credit Suisse AG, London Branch priced $179,000 of 0% digital barrier notes due Sept. 24, 2020 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 ever closes 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 7.4%. If a knock-in event does occur, the payout will be par plus the return of the lesser-performing index, subject to a maximum payout of 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:	$179,000
Maturity:	Sept. 24, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 7.4% unless either index ever closes below knock-in level, in which case par plus return of lesser-performing index, subject to cap of par
Initial levels:	2,900.51 for S&P 500 and 1,498.006 for Russell 2000
Knock-in levels:	2,030.357 for S&P 500 and 1,048.6042 for Russell 2000, or 70% of initial levels
Pricing date:	Aug. 20
Settlement date:	Aug. 23
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.43%
Cusip:	22552FT69

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