New Issue: Credit Suisse prices $6.44 million digital barrier notes linked to Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Nov. 13 – Credit Suisse AG, London Branch priced $6.44 million of 0% digital barrier notes due Dec. 3, 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 closes below its knock-in level, 67.5% of its initial level, during the life of the notes.

If a knock-in event does not occur, the payout at maturity will be par plus 6.75%. 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:	$6,437,000
Maturity:	Dec. 3, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 6.75% unless either index closes below knock-in level during life of notes, in which case par plus return of lesser-performing index, subject to maximum payout of par
Initial levels:	3,037.56 for S&P 500 and 1,562.452 for Russell 2000
Knock-in levels:	2,050.353 for S&P 500 and 1,054.6551 for Russell 2000, or 67.5% of initial levels
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.43%
Cusip:	22551N3H7

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