New Issue: Credit Suisse prices $500,000 digital barrier notes linked to real estate ETF

By Angela McDaniels

Tacoma, Wash., June 5 – Credit Suisse AG, London Branch priced $500,000 of 0% digital barrier notes due June 6, 2022 linked to the iShares U.S. Real Estate exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is at least 90% of the initial share price, the payout at maturity will be par plus 52%. If the final share price is less than 90% of the initial share price but greater than 70% of the initial share price, the payout will be par. If the final share price is less than or equal to 70% of the initial share price, investors will lose 1% for every 1% that the final share price is less than the initial share price.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying ETF:	iShares U.S. Real Estate ETF
Amount:	$500,000
Maturity:	June 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than or equal to digital barrier price, par plus 52%; if final share price is less than digital barrier price but greater than knock-in level, par; if final share price is less than or equal to knock-in level, 1% loss for every 1% that final share price is less than initial share price
Initial share price:	$79.16
Digital barrier level:	$71.244, 90% of initial share price
Knock-in level:	$55.412, 70% of initial share price
Pricing date:	June 1
Settlement date:	June 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.7%
Cusip:	22550B7G2

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