New Issue: Credit Suisse prices $1.08 million digital barrier notes on three ETFs

By Sarah Lizee

Olympia, Wash., Nov. 27 – Credit Suisse AG, London Branch priced $1.08 million of 0% digital barrier notes due Dec. 19, 2019 linked to the least performing of the S&P Biotech exchange-traded fund, the Real Estate Select Sector SPDR fund and the Health Care Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each fund finishes at or above its 70% knock-in level, the payout at maturity will be par plus the fixed return of 14%.

Otherwise, investors will receive par plus the return of the worst performing fund with full exposure to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying ETFs:	S&P Biotech exchange-traded fund, Real Estate Select Sector SPDR fund and Health Care Select Sector SPDR fund
Amount:	$1.08 million
Maturity:	Dec. 19, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each ETF finishes at or above 70% knock-in level, par plus 14%; otherwise, full exposure to decline of least-performing ETF
Initial levels:	$79.52 for biotech ETF, $33.46 for real estate ETF and $92.04 for health care ETF
Knock-in levels:	$55.664 for biotech ETF, $23.422 for real estate ETF and $64.428 for health care ETF; 70% of initial levels
Pricing date:	Nov. 16
Settlement date:	Nov. 21
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.6%
Cusip:	22551LHN3

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