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Published on 5/6/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $2.52 million digital buffered notes linked to the Dow

By Wendy Van Sickle

Columbus, Ohio, May 6 – Credit Suisse AG, London Branch priced $2.52 million of 0% digital buffered notes due April 28, 2022 linked to the Dow Jones industrial average, 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 par plus 15.5%. 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:Dow Jones industrial average
Amount:$2,518,000
Maturity:April 28, 2022
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to buffer level, par plus 15.5%; otherwise, 1% loss for every 1% that index declines beyond 155%
Initial level:26,462.08
Buffer level:22,492.768, 85% of initial level
Pricing date:April 25
Settlement date:April 30
Agent:Credit Suisse Securities (USA) LLC
Fees:3%
Cusip:22552F4A7

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