New Issue: Credit Suisse prices $429,000 digital barrier notes tied to two indexes

By Marisa Wong

Morgantown, W.Va., April 14 – Credit Suisse AG, London Branch priced $429,000 of 0% digital barrier notes due May 17, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either index closes at or below its knock-in level, 65% of the initial level, on any day during the life of the notes.

If a knock-in event does not occur, the payout at maturity will be par plus a fixed payment of 6.85%.

Otherwise, the payout will be par plus the lesser of zero and the return of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying index:	S&P 500, Russell 2000
Amount:	$429,000
Maturity:	May 17, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If knock-in event does not occur, par plus 6.85%; otherwise, par plus lesser of zero and return of worse performing index
Knock-in event:	Either index closes at or below knock-in level on any day during life of notes
Initial levels:	2,061.72 for S&P 500, 1,105.713 for Russell
Knock-in levels:	1,340.118 for S&P 500, 718.71345 for Russell; 65% of initial levels
Pricing date:	April 12
Settlement date:	April 15
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.6%
Cusip:	22548Q3D5

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