Chicago, June 17 – Credit Suisse AG, London Branch priced $500,000 of contingent coupon autocallable yield notes due Dec. 13, 2022 linked to the stock performance of Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly at an annualized rate of 14.3% if the stock closes above its coupon barrier, 80% of its initial level, on the observation date for the period.
The notes will be called at par plus the coupon if the shares close at or above the initial share price on any monthly autocall observation date after six months.
If the notes are not called, the payout at maturity will be par plus the final coupon if the stock closes above its 80% knock-in level.
Otherwise, investors will be fully exposed to the losses of the stock.
The agent is Credit Suisse Securities (USA) LLC.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Contingent coupon autocallable yield notes
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| Underlying stock: | Intel Corp.
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| Amount: | $500,000
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| Maturity: | Dec. 13, 2022
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| Coupon: | 14.3% annual rate, payable monthly if stock closes above coupon barrier on observation day for that period
|
| Price: | Par
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| Payout at maturity: | Par plus final coupon unless stock finishes below knock-in level, in which case full exposure to losses of stock
|
| Call: | Automatically at par plus coupon if shares close at or above initial share price on any monthly autocall observation date after six months
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| Initial level: | $49.25
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| Coupon barrier: | $39.40; 80% of initial share price
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| Knock-in price: | $39.40; 80% of initial share price
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| Strike date: | Dec. 3, 2021
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| Pricing date: | Dec. 8, 2021
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| Settlement date: | Dec. 13, 2021
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 2.5%
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| Cusip: | 22553PBG3
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