New Issue: Credit Suisse sells $1.38 million autocallable yield notes on stocks

By Wendy Van Sickle

Columbus, Ohio, Nov. 30 – Credit Suisse AG, London Branch priced $1.38 million of 10.1% autocallable yield notes due Nov. 30, 2021 linked to the least performing of the shares of Apple Inc., Amazon.com, Inc., Alphabet Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial level on any quarterly trigger observation date.

The payout at maturity will be par unless any stock finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the least-performing stock.

Incapital LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying stocks:	Apple Inc., Amazon.com, Inc., Alphabet Inc. and Netflix, Inc.
Amount:	$1,383,000
Maturity:	Nov. 30, 2021
Coupon:	10.1% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below knock-in level, in which full exposure to the losses of the least performing stock
Call:	Automatically if each stock closes at or above initial level on any quarterly trigger observation date
Initial prices:	$174.24 for Apple, $1,581.42 for Amazon, $1,044.41 for Alphabet, $266.63 for Netflix
Knock-in levels:	$104.544 for Apple, $948.852 for Amazon, $626.646 for Alphabet, $159.978 for Netflix; 60% of initial levels
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agent:	Incapital LLC
Fees:	3.25%
Cusip:	22551LKA7

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