New Issue: Credit Suisse sells $1 million digital barrier notes on Amazon, Home Depot, Apple, Alphabet

By Wendy Van Sickle

Columbus, Ohio, Nov. 6 – Credit Suisse AG, London Branch priced $1 million of 0% digital barrier notes due Nov. 1, 2023 linked to worst performing of the stocks of Alphabet Inc., Apple Inc., Amazon.com Inc. and Home Depot Inc., according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if any stock finishes below its knock-in level, 60% of the initial level.

Upon maturity, investors will receive par plus the 38.4% fixed payment unless a knock-in event occurs, in which case investors will lose 1% for each 1% loss of the worst performing stock or receive par if all four stocks finish at or above their initial levels.

Incapital LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying stocks:	Apple Inc., Amazon.com, Inc., Alphabet Inc. and Home Depot Inc.
Amount:	$1 million
Maturity:	Nov. 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the 38.4% fixed payment unless a knock-in event occurs, in which case investors will lose 1% for each 1% loss of the worst performing stock or receive par if all four stocks finish at or above their initial levels
Knock-in event:	Any stock finishes below knock-in level
Initial levels:	$116.60 for Apple, $3,286.33 for Amazon.com, $1,604.26 for Alphabet, $276.84 for Home Depot
Knock-in levels:	$69.96 for Apple, $1,971.798 for Amazon.com, $962.556 for Alphabet, $166.104 for Home Depot; 60% of initial levels
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	Incapital LLC
Fees:	3.5%
Cusip:	22552WQH1

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