New Issue: Credit Suisse prices $782,000 contingent coupon yield notes linked to S&P, Russell, Nasdaq

By Angela McDaniels

Tacoma, Wash., Aug. 11 – Credit Suisse AG, London Branch priced $782,000 of contingent coupon yield notes due Sept. 14, 2027 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annualized rate of 10.8% if each index closes at or above its knock-in level, 80% of its initial level, on the observation date for that month.

The payout at maturity will be par unless any index finishes below its knock-in level, in which case investors will be fully exposed to the decline in the least performing index.

InspereX LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon yield notes
Underlying indexes:	S&P 500 index, Russell 2000 index and Nasdaq-100 index
Amount:	$782,000
Maturity:	Sept. 14, 2027
Coupon:	10.8% per year, payable monthly if each index closes at or above knock-in level on observation date for that month
Price:	Par
Payout at maturity:	Par unless any index finishes below knock-in level, in which case full exposure to decline in least-performing index
Initial levels:	4,067.36 for S&P, 1,882.848 for Russell and 12,588.29 for Nasdaq
Knock-in levels:	3,253.888 for S&P, 1,506.2784 for Russell and 10,070.632 for Nasdaq, or 80% of initial levels
Pricing date:	Sept. 9, 2022
Settlement date:	Sept. 14, 2022
Agent:	InspereX LLC
Fees:	0.5%
Cusip:	22553QKM8

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