New Issue: Credit Suisse prices $31.79 million digital buffered notes linked to S&P 500 index

By Toni Weeks

San Luis Obispo, Calif., Feb. 3 – Credit Suisse AG, London Branch priced $31.79 million of 0% digital buffered notes due Feb. 6, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 85% of the initial level, the payout at maturity will be the maximum settlement amount of $1,100 per $1,000 note.

If the index falls by more than 15%, investors will lose 1.176471% per 1% drop beyond the buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered notes
Underlying index:	S&P 500
Amount:	$31,785,000
Maturity:	Feb. 6, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 85% of the initial level, par plus 10%; exposure to losses beyond 15% at a rate of 1.176471% per 1% drop
Initial index level:	1,994.99
Buffer level:	85% of initial level
Pricing date:	Jan. 30
Settlement date:	Feb. 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.47%
Cusip:	22546V3G9

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