New Issue: Credit Suisse sells $665,000 digital barrier notes on index, ETF

By Kiku Steinfeld

Chicago, Aug. 16 – Credit Suisse AG, London Branch priced $665,000 of 0% digital barrier notes due Nov. 3, 2022 linked to the lesser performing of the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying finishes at or above its initial level, the payout at maturity will be par plus the fixed return of 12.5%.

If either underlying falls but each finishes at or above its 75% knock-in level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to the losses of the worse performing asset.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlyings:	S&P 500 index, iShares MSCI Emerging Markets ETF
Amount:	$665,000
Maturity:	Nov. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying finishes at or above its initial level, par plus 12.5%; if either underlying falls but each finishes at or above its knock-in level, par; otherwise, full exposure to the losses of the worse performing asset
Initial levels:	4395.26 for index, $51.60 for ETF
Knock-in levels:	3296.445 for index, $38.70 for ETF; 75% of initial levels
Pricing date:	July 30
Settlement date:	Aug. 4
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.8%
Cusip:	22552XPF4

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