New Issue: Credit Suisse sells $287,000 digital barrier notes on S&P 500, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, April 9 – Credit Suisse AG, London Branch priced $287,000 of 0% digital barrier notes due March 30, 2023 linked to the lowest performing of the S&P 500 index and the Nasdaq 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 16.5%.

If the lower performing index falls by no more than 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the lesser performing index below its initial level.

Credit Suisse Securities (USA) LLC and InCapital LLC are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 and Nasdaq-100
Amount:	$287,000
Maturity:	March 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 16.5%; if either index falls but neither falls by more than 30%, par; otherwise, full exposure to decline of lesser performing index
Initial levels:	3,974.54 for S&P and 12,979.12 for Nasdaq
Threshold levels:	2,782.178 for S&P and 9,085.384for Nasdaq; 70% of initial levels
Pricing date:	March 26
Settlement date:	March 31
Agents:	Credit Suisse Securities (USA) LLC and InCapital LLC
Fees:	2.8%
Cusip:	22552XET6

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