New Issue: Credit Suisse prices $1.54 million digital barrier notes linked to Euro Stoxx Banks, oil ETF

By Wendy Van Sickle

Columbus, Ohio, Aug. 24 – Credit Suisse AG, London Branch priced $1.54 million of 0% digital barrier notes due Sept. 27, 2018 linked to the Euro Stoxx Banks 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 14% 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:	Euro Stoxx Banks index and SPDR S&P Oil & Gas Exploration and Production ETF
Amount:	$1.54 million
Maturity:	Sept. 27, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 14% 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:	133.14 for index and $29.34 for ETF
Knock-in levels:	93.198 for index and $20.538 for ETF; 70% of initial levels
Pricing date:	Aug. 22
Settlement date:	Aug. 25
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.6%
Cusip:	22550BFT5

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