New Issue: Credit Suisse prices $3.91 million digital barrier notes linked to Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Dec. 24 – Credit Suisse AG, London Branch priced $3.91 million of 0% digital barrier notes due Jan. 25, 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.

The payout at maturity will be par plus 6.35% unless either index finishes below its 70% knock-in level, in which case 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:	$3,913,000
Maturity:	Jan. 25, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 6.35% unless either index finishes below knock-in level, in which case par plus return of lesser-performing index, subject to maximum payout of par
Initial levels:	3,221.22 for S&P 500 and 1,671.902 for Russell 2000
Knock-in levels:	2,254.854 for S&P 500 and 1,170.3314 for Russell 2000, or 70% of initial levels
Pricing date:	Dec. 20
Settlement date:	Dec. 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.43%
Cusip:	22551NE69

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