New Issue: Credit Suisse prices $681,000 digital barrier notes linked to Russell, Nasdaq, S&P

By Sarah Lizee

Olympia, Wash., Jan. 6 – Credit Suisse AG, London Branch priced $681,000 of 0% digital barrier notes due March 31, 2021 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if any index ever closes 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 9.75%. If a knock-in event does occur, the payout will be par plus the return of the least-performing index, subject to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	S&P 500, Nasdaq-100 and Russell 2000
Amount:	$681,000
Maturity:	March 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 9.75% unless any index ever closes below knock-in level, in which case par plus return of least-performing index, subject to cap of par
Initial levels:	3,239.91 for S&P 500, 8,778.313 for Nasdaq, 1,677.670 for Russell
Knock-in levels:	2,267.937 for S&P, 6,144.8191 for Nasdaq, 1,174.369 Russell; 70% of initial levels
Pricing date:	Dec. 26
Settlement date:	Dec. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.125%
Cusip:	22551NCY0

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