New Issue: Credit Suisse prices $357,000 digital plus barrier notes linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., July 8 – Credit Suisse AG, London Branch priced $357,000 of 0% digital plus barrier notes due July 3, 2024 tied 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 finishes below its knock-in level, 70% of its initial level.

If a knock-in event does not occur, the payout at maturity will be par plus the greater of the return of the lesser performing index and the fixed payment percentage of 54%.

If a knock-in event does occur, 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 plus barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$357,000
Maturity:	July 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If neither index finishes below knock-in level, par plus the greater of the return of the lesser performing index and the fixed payment percentage of 54%; otherwise 1% loss for each 1% decline in lowest performing index
Initial levels:	2,941.76 for S&P, 1,566.572 for Russell
Knock-in levels:	2,059.232 for S&P, 1,096.6004 for Russell; 70% of initial levels
Pricing date:	June 28
Settlement date:	July 3
Agents:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22552FHA3

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