New Issue: Credit Suisse prices $3.14 million digital barrier notes linked to Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Credit Suisse AG, London Branch priced $3.14 million of 0% digital barrier notes due March 3, 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 9% unless either index closes below its 75% knock-in level on any day during the life of the notes.

Otherwise, the payout will be par plus the return of the lesser performing index with full exposure to the decline and 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:	$3,138,000
Maturity:	March 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 9% unless either index closes below its knock-in level on any day during the life of the notes; otherwise, par plus the return of the lesser performing index with full exposure to the decline and a maximum payout of par
Initial levels:	3225.52 for S&P 500 and 1,614.061 for Russell 2000
Knock-in levels:	2,419.14 for S&P 500 and 1,210.54575 for Russell 2000, or 75% of initial levels
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22551NFY7

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