New Issue: Credit Suisse prices $7.6 million digital buffered notes on Dow, S&P

By William Gullotti

Buffalo, N.Y., Feb. 24 – Credit Suisse AG, London Branch priced $7.6 million of 0% digital buffered notes due March 23, 2023 linked to the lowest performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 10.9%.

If the lower performing index falls by no more than 12%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the lesser performing index below 12%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$7.6 million
Maturity:	March 23, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 10.9%; if either index falls but neither falls by more than 12%, par; otherwise, 1% loss for every 1% decline of the worst performer below 12%
Initial levels:	34,079.18 for Dow, 4,348.87 for S&P
Threshold levels:	29,989.6784 for Dow, 3,827.0056 for S&P; 88% of initial levels
Pricing date:	Feb. 18
Settlement date:	Feb. 24
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22553PKJ7

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