New Issue: Credit Suisse sells $1.5 million digital plus barrier notes on index, ETF

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Credit Suisse AG, London Branch priced $1.5 million of 0% digital plus barrier notes due Feb. 3, 2022 linked to the least performing of the Euro Stoxx 50 index and the iShares MSCI ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset finishes at or above its initial level, the payout at maturity will be par plus the greater of the fixed return of 50% and the return of the worse performing asset.

If either asset falls but neither finishes below the 65% knock-in level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing asset.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying assets:	Euro Stoxx 50 index and iShares MSCI ETF
Amount:	$1,501,000
Maturity:	Feb. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset gains, par plus greater of 50% and return of worse performing asset; if either asset falls but neither falls by more than 35%, par; otherwise, 1% loss for each 1% decline of worse performing asset
Initial levels:	3,159.43 for index and $62.68 for ETF
Knock-in levels:	2,053.6295 for index and $40.742 for ETF; 65% of initial levels
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.2%
Cusip:	22551LUB4

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