New Issue: Credit Suisse sells $500,000 yield notes on three stocks

Chicago, May 18 – Credit Suisse AG, London Branch, priced $500,000 of 9.6% yield notes due Jan. 2, 2024 linked to the least performing of the stocks of Cisco Systems, Inc., McCormick & Co., Inc. and Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless any stock finishes below its 50% knock-in level, in which case investors will be exposed to the decline of the least-performing stock from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Yield notes
Underlying stocks:	Cisco Systems, Inc., McCormick & Co., Inc. and Charles Schwab Corp.
Amount:	$500,000
Maturity:	Jan. 2, 2024
Coupon:	9.6% annual rate, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below its knock-in level, in which case investors will be exposed to the decline of the least-performing stock from its initial level
Initial levels:	$43.57 for Cisco, $83.45 for McCormick, $62.44 for Schwab
Knock-in levels:	$21.785 for Cisco, $41.725 for McCormick, $31.22 for Schwab, or 50% of initial levels
Strike date:	June 22, 2022
Pricing date:	June 23, 2022
Settlement date:	June 28, 2022
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.3%
Cusip:	22553QAE7

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