New Issue: Credit Suisse sells $257,000 digital barrier notes on index, ETF

By Kiku Steinfeld

Chicago, July 12 – Credit Suisse AG, London Branch priced $257,000 of 0% digital barrier notes due Sept. 29, 2022 linked to the lesser performing of the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying finishes at or above its 75% knock-in level, the payout at maturity will be par plus the fixed return of 9.5%.

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
Underlyings:	S&P 500 index, iShares MSCI Emerging Markets ETF
Amount:	$257,000
Maturity:	Sept. 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying finishes at or above its knock-in level, par plus 9.5%; otherwise, full exposure to any losses of the worse performing asset
Initial levels:	4280.70 for index, $55.50 for ETF
Knock-in levels:	3210.525 for index, $41.625 for ETF; 75% of initial levels
Pricing date:	June 25
Settlement date:	June 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22552XML4

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