New Issue: Credit Suisse sells $240,000 digital barrier notes on S&P 500, MSCI EM ETF

By William Gullotti

Buffalo, N.Y., Oct. 21 – Credit Suisse AG, London Branch priced $240,000 of 0% digital barrier notes due Nov. 1, 2022 linked to the lowest performing of the S&P 500 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlier finishes at or above its initial level, the payout at maturity will be par plus 9%.

If the lower performing underlier falls by no more than 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the lesser performing underlier from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying assets:	S&P 500 index, iShares MSCI Emerging Markets ETF
Amount:	$240,000
Maturity:	Nov. 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlier finishes at or above its initial level, par plus 9%; if either underlier falls but neither falls by more than 25%, par; otherwise, full exposure to decline of worst performer from its initial level
Initial levels:	$50.47 for ETF, 4,401.46 for S&P
Threshold levels:	$37.8525 for ETF, 3,301.095 for S&P; 75% of initial levels
Pricing date:	July 27
Settlement date:	July 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22552XPE7

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