New Issue: Credit Suisse prices $8.83 million digital barrier notes on PepsiCo

By Sarah Lizee

Olympia, Wash., Oct. 9 – Credit Suisse AG, London Branch priced $8.83 million of 0% digital barrier notes due Nov. 7, 2019 linked to PepsiCo, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock never closes below its 80% knock-in level during the life of the notes, the payout at maturity will be par plus the fixed return of 8.25%.

If a knock-in event has occurred and the final level is greater than or equal to the initial level, the payout will be par.

If a knock-in event has occurred and the final level is less than the initial level, investors will receive a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying stock:	PepsiCo, Inc.
Amount:	$8,832,000
Maturity:	Nov. 7, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the stock never closes below its 80% knock-in level during the life of the notes, par plus the fixed return of 8.25%; if a knock-in event has occurred and the final level is greater than or equal to the initial level, par; if a knock-in event has occurred and the final level is less than the initial level, a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent
Initial level:	$106.61
Knock-in level:	$85.288; 80% of initial level
Pricing date:	Oct. 4
Settlement date:	Oct. 10
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.43%
Cusip:	22549JXS4

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