New Issue: Credit Suisse sells $18.79 million digital buffered notes tied to S&P 500

By Sarah Lizee

Olympia, Wash., Jan. 14 – Credit Suisse AG, London Branch priced $18.79 million of 0% digital buffered notes due April 7, 2021 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 85% threshold level, the payout at maturity will be the threshold settlement amount of $1,179.50 for each $1,000 principal amount.

Otherwise, investors will be exposed to any losses beyond the buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered notes
Underlying asset:	S&P 500 index
Amount:	$18,794,000
Maturity:	April 7, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 15%, par plus 17.95%; if index falls by up to 15%, par; otherwise, 1% loss for each 1% decline beyond 15%
Initial level:	2,596.64
Barrier level:	85% of initial level
Pricing date:	Jan. 10
Settlement date:	Jan. 17
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22551LTC4

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