New Issue: Credit Suisse sells $1.54 million contingent coupon autocallable yield notes on three stocks

By William Gullotti

Buffalo, N.Y., Nov. 5 – Credit Suisse AG, London Branch priced $1.54 million of contingent coupon autocallable yield notes due Aug. 2, 2023 linked to the least performing of the stocks of Square, Inc., Chipotle Mexican Grill, Inc. and Pinterest, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annual rate of 18.15% if each stock closes at or above its coupon barrier, 65% of its initial level, on the observation date for that period. Previously unpaid coupons, if any, will be automatically paid whenever a contingent payment is made.

The notes will be called at par plus coupon if each stock closes at or above its initial level on any quarterly trigger observation date after six months.

The payout at maturity will be par plus the final coupon unless any stock finishes below its 65% knock-in level, in which case investors will be fully exposed to the losses of the least-performing stock.

The agent is Credit Suisse Securities (USA) LLC.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying stocks:	Square, Inc., Chipotle Mexican Grill, Inc., Pinterest, Inc.
Amount:	$1,535,000
Maturity:	Aug. 2, 2023
Coupon:	18.15% per year, payable quarterly if each stock closes at or above its coupon barrier level on observation date; coupon payment events will automatically include any previously unpaid coupons
Price:	Par
Payout at maturity:	Par plus the final coupon unless any stock finishes below its knock-in level, in which case full exposure to decline of the least-performing stock from its initial level
Call:	Automatically at par plus coupon if each stock closes at or above initial level on any quarterly trigger observation date after six months
Initial levels:	$258.61 for Square, $1,816.26 for Chipotle, $76.65 for Pinterest
Coupon barriers:	$168.0965 for Square, $1,180.569 for Chipotle, $49.8225 for Pinterest; 65% of initial levels
Knock-in levels:	$168.0965 for Square, $1,180.569 for Chipotle, $49.8225 for Pinterest; 65% of initial levels
Strike date:	July 28
Pricing date:	July 29
Settlement date:	Aug. 2
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22552XS53

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