New Issue: Credit Suisse prices $1.38 million digital barrier notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., April 26 – Credit Suisse AG, London Branch priced $1.38 million of digital barrier notes due Oct. 30, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either index finishes at or below its knock-in level, 75% of its initial level.

If a knock-in event does not occur, the payout at maturity will be par plus 10%.

If a knock-in event occurs, investors will be fully exposed to the decline of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,383,000
Maturity:	Oct. 30, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If either index finishes at or below knock-in level, 1% loss for every 1% that lesser-performing index’s final level is less than initial level; otherwise, par plus 10%
Initial index levels:	2,091.58 for S&P 500 and 1,146.690 for Russell 2000
Knock-in levels:	1,568.685 for S&P 500 and 860.0175 for Russell 2000; 75% of initial levels
Pricing date:	April 22
Settlement date:	April 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.05%
Cusip:	22548Q2E4

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