New Issue: Credit Suisse prices $3.04 million digital barrier notes linked to S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, June 11 – Credit Suisse AG, London Branch priced $3.04 million of 0% digital barrier notes due June 3, 2021 tied to the lowest performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either index finishes below its knock-in level, 71% of its initial level.

If a knock-in event does not occur, the payout at maturity will be par plus the fixed payment percentage of 12%.

If a knock-in event does occur, investors will lose 1% for each 1% decline of the lowest performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 and Dow Jones industrial average
Amount:	$3,039,000
Maturity:	June 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If neither index finishes below knock-in level, par plus 12%; otherwise 1% loss for each 1% decline in lowest performing index
Initial levels:	2,783.02 for S&P, 25,126.41 for Dow
Knock-in levels:	1,975.9442 for S&P, 17,839.7511 for Dow; 71% of initial levels
Pricing date:	May 29
Settlement date:	June 3
Agents:	Credit Suisse Securities (USA) LLC
Fees:	0.45%
Cusip:	22552FF23

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