New Issue: Credit Suisse sells $1.3 million digital barrier notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., June 21 – Credit Suisse AG, London Branch priced $1.3 million of 0% digital barrier notes due July 3, 2020 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either index closes below its knock-in level, 75% of its initial level, during the life of the notes.

If a knock-in event does not occur, the payout at maturity will be par plus the fixed payment percentage of 9%.

If a knock-in event does occur, the payout will be par if the final level of the lowest performing underlying is greater than its initial level. Otherwise, investors will lose 1% for each 1% decline of the lowest performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,304,000
Maturity:	July 3, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If neither index closes below 75% knock-in level during life of notes, par plus 9%; if either index closes below knock-in level during life of notes, par if final level of lowest performing index is above initial level, otherwise 1% loss for each 1% decline in lowest performing index
Initial levels:	2,752.06 for S&P and 1,465.487 for Russell
Knock-in levels:	2,064.045 for S&P and 1,099.11525 for Russell, 75% of initial levels
Pricing date:	May 31
Settlement date:	June 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22552FCJ9

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