New Issue: Credit Suisse prices $2 million digital plus barrier notes linked to Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., May 16 – Credit Suisse AG, London Branch priced $2 million of 0% digital plus barrier notes due May 14, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes flat or gains, the payout at maturity will be par plus the greater the index return and 77.5%.

If the index falls but not by more than 25%, the payout will be par.

Otherwise, investors will be fully exposed to the index’s decline from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying index:	Euro Stoxx 50 index
Amount:	$2 million
Maturity:	May 14, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes flat or gains, par plus greater of index return and 77.5%; if the index falls by up to 25%, par; otherwise, 1% loss for every 1% decline from initial level
Initial level:	3,526.86
Knock-in level:	2,645.145; 75% of initial level
Strike date:	May 9
Pricing date:	May 11
Settlement date:	May 16
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.6%
Cusip:	22553PX20

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