New Issue: Credit Suisse sells $3.2 million digital buffered notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., May 9 – Credit Suisse AG, London Branch priced $3.2 million of 0% digital buffered notes due April 30, 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 85% buffer level, the payout at maturity will be par plus the fixed payment of 11.9%.

Otherwise, investors will lose 1.17647% for each 1% decline beyond the 15% buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered notes
Underlying index:	S&P 500 index
Amount:	$3.2 million
Maturity:	April 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above the 85% buffer level, par plus 11.9%; otherwise, 1.17647% loss for each 1% decline beyond the 15% buffer
Initial index level:	2,629.73
Pricing date:	May 3
Settlement date:	May 10
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.47%
Cusip:	22550WS65

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