New Issue: Credit Suisse prices $206,000 2% digital barrier notes tied to indexes

By Marisa Wong

Morgantown, W.Va., Oct. 30 – Credit Suisse AG, London Branch priced $206,000 of 2% digital barrier notes due Oct. 29, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If each index finishes above its knock-in level, 70% of the initial level, the payout at maturity will be par plus the fixed payment of 32.5%.

If either index finishes at or below the knock-in level, investors will be fully exposed to any losses of the worse 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:	$206,000
Maturity:	Oct. 29, 2021
Coupon:	2%, payable quarterly
Price:	Par
Payout at maturity:	If each index return is greater than negative 30%, par plus 32.5%; full exposure to losses of worse performing index if either index falls by 30% or more
Initial levels:	2,075.15 for S&P, 1,166.058 for Russell
Barrier levels:	70% of initial level
Pricing date:	Oct. 23
Settlement date:	Oct. 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	3.8%
Cusip:	22546VMR4

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