New Issue: Credit Suisse sells $72,000 callable contingent coupon buffered notes on Stoxx

By Tali Rackner

Minneapolis, Jan. 3 – Credit Suisse AG, London Branch priced $72,000 of callable contingent coupon buffered securities notes due Dec. 28, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 6.25% if the index closes at or above its 85% coupon barrier on an observation date for that quarter.

The notes may be called on any contingent coupon payment date after one year.

The payout at maturity will be par unless the index falls by more than 15%, in which case investors will be exposed to the losses beyond the buffer.

Incapital LLC is the placement agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Callable contingent coupon buffered securities
Underlying index:	Euro Stoxx 50
Amount:	$72,000
Maturity:	Dec. 28, 2022
Coupon:	8.55% annualized, payable quarterly if the index closes at or above its 85% barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless the index falls by more than the buffer, in which case investors will be exposed to losses beyond 15%
Call:	Callable at par on any contingent coupon payment date after one year
Initial index level:	3,570.78
Buffer/barrier level:	3,035.163; 85% of initial level
Placement agent:	Incapital LLC
Pricing date:	Dec. 21
Settlement date:	Dec. 28
Fees:	3.75%
Cusip:	22550BS38

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