New Issue: Credit Suisse prices $1.16 million absolute return digital barrier notes on Dow, S&P

By Susanna Moon

Chicago, Feb. 6 – Credit Suisse AG, London Branch priced $1.16 million of 0% absolute return digital barrier securities due July 28, 2022 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above the initial level, the payout at maturity will be par plus the gain.

If each index finishes at or above the 64% knock-in level, the payout will be par plus the absolute value of the return of worse performing index.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Absolute return digital barrier securities
Underlying indexes:	S&P 500 index, Dow Jones Industrial Average
Amount:	$1,159,000
Maturity:	July 28, 2022
Price:	Par
Payout at maturity:	If each index gains, par plus return; if each index finishes above knock-in level, par plus absolute return of worse performing index; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	2,642.33 for S&P, 24,553.24 for Dow
Trigger levels:	1,691.0912 for S&P, 15,714.0736 for Dow, 64% of initial levels
Pricing date:	Jan. 24
Settlement date:	Jan. 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.85%
Cusip:	22551LU57

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