New Issue: Credit Suisse sells $1 million reverse convertible securities on Triumph

Chicago, Sept. 16 – Credit Suisse AG, London Branch priced $1 million of 9% reverse convertible securities due April 27, 2022 linked to the performance of the common stock of Triumph Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annualized rate of 9%.

If the stock finishes at or above the knock-in price, 64.837% of the initial price, the payout will be par plus the final coupon. Otherwise, investors will receive a number of shares equal to $1,000 divided by the stock’s initial share price or the cash equivalent at the issuer’s option.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Reverse convertible securities
Underlying stock:	Triumph Group, Inc.
Amount:	$1 million
Maturity:	April 27, 2022
Coupon:	9% per year, or 2.25% for the term, payable monthly
Price:	Par
Payout at maturity:	Par plus the final coupon if the stock finishes equal to or above its knock-in price; otherwise, investors will receive a number of shares equal to $1,000 divided by the stock’s initial share price or the cash equivalent at the issuer’s option
Initial share price:	$18.77
Knock-in level:	$12.17; 64.837% of initial price
Pricing date:	Jan. 24
Settlement date:	Jan. 27
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22550MB73

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