New Issue: Credit Suisse prices $413,000 digital plus barrier notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 5 – Credit Suisse AG, London Branch priced $413,000 of 0% digital plus barrier notes due Aug. 3, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and 35%.

If the final index level is less than the initial index level but greater than the knock-in level, 70% of the initial index level, the payout will be par.

If the final index level is less than or equal to the knock-in level, investors will be fully exposed to the index’s decline from its initial 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:	$413,000
Maturity:	Aug. 3, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus greater of index return and 35%; if final index level is less than initial index level but greater than knock-in level, par; if final index level is less than or equal to knock-in level, full exposure to index’s decline from initial level
Initial index level:	2,173.60
Knock-in level:	1,521.52, 70% of initial level
Pricing date:	July 29
Settlement date:	Aug. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22548QBT1

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