New Issue: Credit Suisse sells $1.04 million digital plus barrier notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 31 – Credit Suisse AG, London Branch priced $1.04 million of 0% digital plus barrier notes due April 1, 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 45%.

Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes at or 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:	$1,038,000
Maturity:	April 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least zero, par plus greater of index return and 45%; par if index falls by up to 30%; full exposure to losses if index falls below knock-in level
Initial level:	2,037.05
Knock-in level:	1,425.935, 70% of initial level
Pricing date:	March 28
Settlement date:	March 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.6%
Cusip:	22546VXP6

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