New Issue: Credit Suisse sells $776,000 digital plus barrier notes tied to S&P 500

By Tali Rackner

Norfolk, Va., Feb. 5 – Credit Suisse AG, London branch priced $776,000 of 0% digital plus barrier notes due Feb. 3, 2020 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 the initial index level, the payout at maturity will be par plus the fixed payment percentage of 30%.

If the index falls but finishes above the knock-in level, 70% of the initial index level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying index:	S&P 500
Amount:	$776,000
Maturity:	Feb. 3, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least zero, par plus 30%; par if index falls by up to 30%; full exposure to losses if index falls below knock-in level
Initial level:	1,940.24
Knock-in level:	1,358.168, 70% of initial level
Pricing date:	Jan. 29
Settlement date:	Feb. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22546VSW7

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