New Issue: Credit Suisse prices $1.54 million digital plus barrier notes tied to S&P 500

By Susanna Moon

Chicago, Sept. 24 – Credit Suisse AG, London Branch priced $1.54 million of 0% digital plus barrier notes due Sept. 27, 2021 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 initial level, the payout at maturity will be par plus the greater of the index gain and a fixed payment of 52.5%.

Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% knock-in level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying index:	S&P 500
Amount:	$1,543,000
Maturity:	Sept. 27, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least zero, par plus gain with floor of 52.5%; par if index falls by up to 30%; full exposure to losses if index falls by 30% or more
Initial level:	1,958.03
Barrier level:	70% of initial level
Pricing date:	Sept. 18
Settlement date:	Sept. 25
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	3.8%
Cusip:	22546VKW5

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