New Issue: Credit Suisse prices $631,000 digital plus barrier notes linked to S&P, Dow, Nasdaq

By Angela McDaniels

Tacoma, Wash., July 10 – Credit Suisse AG, London Branch priced $631,000 of digital plus barrier notes due Aug. 1, 2025 linked to the S&P 500 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its knock-in level, 70% of its initial level, the payout at maturity will be par plus the greater of the return of the laggard index and 25.3%. Otherwise, investors will be fully exposed to the decline of the laggard index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying indexes:	S&P 500 index, Dow Jones industrial average and Nasdaq-100 index
Amount:	$631,000
Maturity:	Aug. 1, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above knock-in level, par plus greater of return of laggard index and 25.3%; otherwise, full exposure to decline of laggard index from initial level
Initial levels:	4,130.29 for S&P, 32,845.13 for Dow and 12,947.97 for Nasdaq
Knock-in levels:	2,891.203 for S&P, 22,991.591 for Dow and 9,063.579 for Nasdaq, or 70% of initial levels
Pricing date:	July 29, 2022
Settlement date:	Aug. 3, 2022
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.2%
Cusip:	22553QDU8

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