New Issue: Credit Suisse sells $819,000 buffered accelerated return notes on stocks

By Kiku Steinfeld

Chicago, June 25 – Credit Suisse AG, London Branch priced $819,000 of 0% buffered accelerated return equity securities due June 15, 2023 linked to the lowest performing of the stocks of Airbnb, Inc. and Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock closes at or above its initial level, the payout at maturity will be par plus 2.5 times the return of the lesser-performing stock, capped at par plus 65.7%.

Investors will receive par if either stock falls by 25% or less and will lose 1% for every 1% that the lesser-performing stock declines beyond 25%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying stocks:	Airbnb, Inc. and Walt Disney Co.
Amount:	$819,000
Maturity:	June 15, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock closes at or above initial level, par plus 2.5 times return of lesser-performing stock capped at par plus 65.7%; par if each stock declines by 25% or less; 1% loss for every 1% that lesser-performing stock declines beyond 25%
Initial levels:	$144.85 for Airbnb and $176.04 for Disney
Buffer levels:	$108.6375 for Airbnb and $132.03 for Disney; 75% of initial levels
Pricing date:	June 10
Settlement date:	June 15
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.4%
Cusip:	22552XMZ3

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