New Issue: Credit Suisse sells $856,000 contingent coupon autocallable yield notes on four stocks

By Wendy Van Sickle

Columbus, Ohio, Oct. 21 – Credit Suisse AG, London Branch priced $856,000 of contingent coupon autocallable reverse convertible securities due Oct. 18, 2024 linked to the common stocks of Amazon.com, Inc., Alphabet Inc., Netflix, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon at an annual rate of 14.65% if each stock closes at or above its coupon barrier, 60% of its initial level, on the monthly observation date.

The notes will be called at par plus the coupon if each stock closes at or above its trigger level, 100% of its initial level, on any monthly trigger observation date.

The payout at maturity will be par unless any stock finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the least-performing stock, payable in shares of the lowest performing underlying or cash at the option of the issuer.

Incapital LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable reverse convertible securities
Underlying stocks:	Amazon.com, Inc., Alphabet Inc., Netflix, Inc. and Apple Inc.
Amount:	$856,000
Maturity:	Oct. 18, 2024
Coupon:	14.65% per year, payable monthly if each stock closes at or above its coupon barrier level on relevant observation date
Price:	Par
Payout at maturity:	Par unless any stock finishes below knock-in level, in which full exposure to the losses of the least performing stock, payable in shares of worst performer or cash at issuer’s option
Call:	Automatically at par plus coupon if each stock closes at or above its initial level on any monthly trigger observation date
Initial prices:	$1,767.38 for Amazon, $235.32 for Apple, $1,243.01 for Alphabet, $284.25 for Netflix
Coupon barriers:	$1,060.428 for Amazon, $141.192 for Apple, $745.806 for Alphabet, $170.55 for Netflix; 60% of initial prices
Knock-in levels:	$1,060.428 for Amazon, $141.192 for Apple, $745.806 for Alphabet, $170.55 for Netflix; 60% of initial prices
Pricing date:	Oct. 15
Settlement date:	Oct. 18
Agent:	Incapital LLC
Fees:	4%
Cusip:	22552FYN6

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