New Issue: Credit Suisse prices $930,000 digital barrier notes linked to S&P 500 index, oil ETF

By Wendy Van Sickle

Columbus, Ohio, July 21 – Credit Suisse AG, London Branch priced $930,000 of 0% digital barrier notes due Aug. 27, 2018 linked to the S&P 500 index and the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 8.65% unless either underlier finishes at or below its knock-in level, 70% of its initial level, in which case investors will be exposed to the decline of the lesser-performing underlier from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underliers:	S&P 500 index and SPDR S&P Oil & Gas Exploration and Production ETF
Amount:	$930,000
Maturity:	Aug. 27, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8.65% unless either underlier finishes at or below knock-in level, in which case exposure to decline of lesser-performing underlier from initial level
Initial levels:	2,473.83 for index and $32.66 for ETF
Knock-in levels:	1,731.681 for index and $22.862 for ETF; 70% of initial levels
Pricing date:	July 19
Settlement date:	July 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22550BD83

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