New Issue: Credit Suisse sells $9.64 million digital barrier notes on index, ETF

By Wendy Van Sickle

Columbus, Ohio, May 23 – Credit Suisse AG, London Branch priced $9.64 million of 0% digital barrier notes due June 18, 2020 linked to the lesser performing of the Russell 2000 index and the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If neither underlying closes below its 65% knock-in level during the life of the notes, the payout at maturity will be par plus the fixed return of 9.9%.

Otherwise, investors will receive the lesser of par and 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
Underlyings:	Russell 2000 index, VanEck Vectors Gold Miners ETF
Amount:	$9,639,000
Maturity:	June 18, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying closes at or above its knock-in level every day during life of notes, par plus 9.9%; otherwise, lesser of par and any losses of the worse performing asset
Initial levels:	1,548.271 for index, $20.79 for ETF
Knock-in levels:	1,006.37615 for index, $13.5135 for ETF; 65% of initial levels
Pricing date:	May 15
Settlement date:	May 20
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22552FFM9

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