New Issue: Credit Suisse sells $316,000 digital plus barrier notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, July 7 – Credit Suisse AG, London Branch priced $316,000 of 0% digital plus barrier notes due July 1, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the return of the lesser performing index and the fixed payment percentage of 36%.

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

If either index falls to or below the knock-in level, investors will be fully exposed to the lesser performing index’s decline from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$316,000
Maturity:	July 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of lesser-performing index is greater than or equal to initial level par plus greater of return and 36%; if either index falls but both finish above knock-in level, par; if either index finishes at or below knock-in level, full exposure to decline of lesser-performing index
Initial levels:	1,403.522 for Russell, 2,419.38 for S&P
Knock-in levels:	982.4654 for Russell, 1,693.566 for S&P, 70% of initial level
Pricing date:	June 27
Settlement date:	June 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4%
Cusip:	22550B5T6

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