New Issue: Credit Suisse prices $597,000 digital barrier notes on Stoxx Banks, SPDR S&P Oil

By Wendy Van Sickle

Columbus, Ohio, April 18 – Credit Suisse AG, London Branch priced $597,000 of digital barrier notes due May 10, 2018 linked to the lesser performing of the Euro Stoxx Banks index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

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

Otherwise, investors will be fully exposed to any losses of the worse performing asset.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying assets:	Euro Stoxx Banks index and SPDR S&P Oil & Gas Exploration & Production exchange-traded fund
Amount:	$597,000
Maturity:	May 10, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset finishes at or above knock-n level, par plus 14%; otherwise, full exposure to losses of worse performing asset
Initial levels:	125.95 for index, $37.22 for ETF
Knock-in levels:	88.165 for index, $26.054 for ETF; 70% of initial levels
Pricing date:	April 7
Settlement date:	April 12
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.7%
Cusip:	22548QYJ8

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