New Issue: Credit Suisse prices $386,000 digital barrier notes linked to index, ETF

By Wendy Van Sickle

Columbus, Ohio, May 12 – Credit Suisse AG, London Branch priced $386,000 of 0% digital barrier notes due June 15, 2017 linked to the S&P 500 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

A knock-in event will occur if either underlier closes at or below its knock-in level, 60% of its initial level, any day during the life of the notes.

If a knock-in event does not occur, the payout at maturity will be par plus 6.85%.

If a knock-in event occurs, investors will be fully exposed to the decline of the lesser-performing underlier.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underliers:	S&P 500 and iShares MSCI EAFE ETF
Amount:	$386,000
Maturity:	June 15, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If either underlier finishes at or below knock-in level, 1% loss for every 1% that lesser-performing underlier’s final level is less than initial level; otherwise, par plus 6.85%
Initial levels:	2,084.39 for S&P 500 and $33.03 for iShares MSCI EAFE ETF
Knock-in levels:	1,250.634 for S&P 500 and $19.818 for iShares MSCI EAFE ETF; 60% of initial levels
Pricing date:	May 10
Settlement date:	May 13
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.85%
Cusip:	22548Q6C4

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