New Issue: Credit Suisse sells $1 million digital buffered notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 31 – Credit Suisse AG, London Branch priced $1 million of 0% digital buffered notes due Feb. 16, 2022 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% buffer level, the payout at maturity will be par plus the maximum settlement amount of $1,113.50 for each $1,000 principal amount.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

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:	$1,002,000
Maturity:	Feb. 16, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 15%, par plus a maximum of $1,113.50 for each $1,000 principal amount; if index falls by up to 15%, par; otherwise, 1.1765% loss for each 1% decline beyond 15%
Initial level:	3,373.4
Buffer level:	85% of initial level
Pricing date:	Jan. 29
Settlement date:	Feb. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22551NKW5

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