New Issue: Credit Suisse sells $6.42 million digital barrier notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Dec. 12 – Credit Suisse AG, London Branch priced $6.42 million of 0% digital barrier securities due Jan. 10, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the fixed return of 8.75%.

If either index falls but neither has ever closed below the 65% knock-in level during the life of the notes, the payout will be par.

Otherwise, investors will be fully exposed to any decline in the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$6,417,000
Maturity:	Jan. 10, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 8.75%; if either index falls but neither has ever closed below knock-in level, par; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	2,633.08 for S&P and 1,448.089 for Russell
Knock-in levels:	1,711.502 for S&P and 941.25785 for Russell; 65% of initial levels
Pricing date:	Dec. 7
Settlement date:	Dec. 14
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.43%
Cusip:	22551LMX5

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