New Issue: Credit Suisse sells $2.16 million of digital plus barrier notes on S&P 500

By Susanna Moon

Chicago, June 7 – Credit Suisse AG, London Branch priced $2.16 million of 0% digital plus barrier notes due June 3, 2024 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 gain and the fixed return of 60%.

If the index falls by up to its 70% knock-in level, the payout will be par.

Otherwise, investors will lose 1% for each 1% 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:	$2.16 million
Maturity:	June 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus greater of return and 60%; if index falls by up to 30%, par; otherwise, 1% loss for each 1% decline
Initial level:	2,689.86
Knock-in level:	1,882.902, 70% of initial level
Pricing date:	May 29
Settlement date:	June 1
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22550WWG8

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