New Issue: Credit Suisse sells $1.16 million digital plus barrier notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 16 – Credit Suisse AG, London Branch priced $1.16 million of 0% digital plus barrier notes due Nov. 16, 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 its initial level, the payout at maturity will be par plus the greater of the index return and the fixed payment percentage of 30.5%. If the index falls but finishes above the 70% knock-in level, the payout will be par. Otherwise, investors will be fully exposed to any index decline.

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:	$1,155,000
Maturity:	Nov. 16, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index finishes at or above its initial level, par plus the greater of the index return and 30.5%; if the index falls but finishes above the knock-in level, par; otherwise, investors will be fully exposed to any index decline
Initial level:	2,167.48
Knock-in level:	1,517.236, 70% of initial level
Pricing date:	Nov. 10
Settlement date:	Nov. 16
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22548QL60

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