New Issue: Credit Suisse prices $2.32 million digital barrier notes on S&P 500, Russell 2000

By Devika Patel

Knoxville, Tenn., Dec. 28 – Credit Suisse AG, London Branch priced $2,317,000 of 0% digital barrier notes due Jan. 9, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either underlying index closes below its knock-in level, 60% of its initial level, during the life of the notes.

If a knock-in event does not occur, the payout at maturity will be par plus the fixed payment of 7%.

If a knock-in event occurs, investors will lose 1% for each 1% loss of the worse-performing index or receive par if the worst performer remains flat or gains.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$2,317,000
Maturity:	Jan. 9, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If either index closes below its knock-in level during life of the notes, par plus return of lesser-performing index or par if index is flat or gains; otherwise, par plus 7%
Initial levels:	2,700.06 for S&P, 1,480.751 for Russell
Knock-in levels:	1,620.036 for S&P, 888.4506 for Russell, 60% of initial levels
Pricing date:	Dec. 4
Settlement date:	Dec. 7
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.43%
Cusip:	22551LLS7

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