New Issue: Credit Suisse prices $27.9 million digital buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 6 – Credit Suisse AG, London Branch price $27.9 million of 0% digital buffered notes due Feb. 3, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 85% of the initial index level, the payout at maturity will be $1,063 per $1,000 principal amount of notes. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered notes
Underlying index:	S&P 500 index
Amount:	$27,895,000
Maturity:	Feb. 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to buffer level, $1,063 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% that index declines beyond 15%.
Initial level:	3,066.91
Buffer level:	85% of initial level
Pricing date:	Nov. 1
Settlement date:	Nov. 8
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.93%
Cusip:	22551N4P8

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