New Issue: Credit Suisse sells $500,000 accelerated barrier notes on stocks

By Kiku Steinfeld

Chicago, Dec. 7 – Credit Suisse AG, London Branch priced $500,000 of 0% accelerated barrier notes due April 6, 2023 linked to the APA Corp., Antero Resources Corp., Occidental Petroleum Corp. and EOG Resources, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock finishes at or above its initial level, the payout at maturity will be par plus 295% of the return of the worst performing stock.

If any stock falls but each stock finishes at or above the 70% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the worst performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying stocks:	APA Corp., Antero Resources Corp., Occidental Petroleum Corp. and EOG Resources, Inc.
Amount:	$500,000
Maturity:	April 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes at or above its initial level, par plus 295% of the return of the worst performing stock; if any stock falls but all stocks finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worst performing stock
Initial stock levels:	$40.96 for APA, $30.87 for Antero, $120.63 for EOG, $56.79 for Occidental
Knock-in levels:	$28.672 for APA, $21.609 for Antero, $84.441 for EOG, $39.753 for Occidental, 70% of initial levels
Pricing date:	March 31
Settlement date:	April 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.75%
Cusip:	22553PR50

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