By Devika Patel
Knoxville, Tenn., Nov. 3 – Credit Suisse AG, London Branch priced $1.14 million of 0% digital plus barrier notes due Oct. 29, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each index is greater than or equal to its respective initial level, the payout at maturity will be par plus the greater of the return and the fixed payment percentage of 57.5%.
If either index finishes below its initial level but both indexes finish higher than their respective knock-in levels, 70% of their initial levels, the payout will be par.
If the final level of either index is less than or equal to the knock-in level, investors will lose 1% for each 1% decline of the worse-performing index.
Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Digital plus barrier notes
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| Underlying index: | S&P 500 and the Russell 2000
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| Amount: | $1,139,000
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| Maturity: | Oct. 29, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return of worse-performing index is at least zero, par plus the greater of the return and the fixed payment percentage of 57.5%; par if worse-performing index falls by up to 30%; 1% loss for each 1% decline of worse-performing index if it falls by more than 30%
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| Initial level: | 2,139.43 for S&P and 1,204.749 for Russell
|
| Knock-in level: | 1,497.601 for S&P and 843.3243 for Russell, 70% of initial level
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
|
| Agents: | Credit Suisse Securities (USA) LLC and Incapital LLC
|
| Fees: | 4.6%
|
| Cusip: | 22548QK20
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