Chicago, May 13 – Credit Suisse AG, London Branch priced $1.5 million of contingent coupon buffered callable yield notes due Oct. 10, 2024 linked to the lowest performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at an annualized rate of 9.15% if each index closes at or above its coupon barrier level, 80% of its initial level, on a monthly observation date.
The notes are callable at par on any quarterly redemption date after six months.
The payout at maturity will be par unless either index finishes below its 80% buffer, in which case investors will lose 1.25% for each 1% decline of the lesser-performing index beyond the buffer.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Contingent coupon buffered callable yield notes
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| Underlying indexes: | Euro Stoxx 50 index and Russell 2000 index
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| Amount: | $1.5 million
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| Maturity: | Oct. 10, 2024
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| Coupon: | 9.15% per year, payable monthly if each index closes at or above its coupon barrier level on monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless either index finishes below its buffer level, in which case investors lose 1.25% for each 1% loss of lesser-performing index beyond buffer
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| Call option: | At par on any quarterly redemption date after six months
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| Initial levels: | 4012.65 for Stoxx, 2214.958 for Russell
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| Coupon barrier/buffers: | 3210.12 for Stoxx, 1771.9664 for Russell; 80% of initial levels
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| Pricing date: | Oct. 6, 2021
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| Settlement date: | Oct. 12, 2021
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 0.2%
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| Cusip: | 22552XYB3
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