New Issue: Credit Suisse prices $57.38 million digital plus notes tied to index basket

By Wendy Van Sickle

Columbus, Ohio, Oct. 10 – Credit Suisse AG, London Branch priced $57.38 million of 0% digital plus notes due Oct. 9, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

If the basket finishes at or above its initial level, the payout at maturity will be the greater of par plus the return and the threshold settlement amount of $1,329 per $1,000 of notes.

Investors will be exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus notes
Basket components:	Euro Stoxx 50 index (36% weight), Topix index (27% weight), FTSE 100 index (20% weight), Swiss Market index (9% weight), S&P/ASX 200 index (8% weight)
Amount:	$57,384,000
Maturity:	Oct. 9, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If basket gains, greater of par plus the return and the threshold settlement amount of $1,329 per $1,000 of notes; 1% loss for each 1% decline of basket
Initial levels:	3,449.79 for Stoxx, 1,800.11 for Topix, 7,545.44 for FTSE, 9,112.22 for Swiss and 6,181.215 for S&P/ASX
Pricing date:	Sept. 27
Settlement date:	Oct. 4
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22551LBP4

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