New Issue: Credit Suisse prices $600,000 of 15.05% yield notes tied to tech stocks

By Sarah Lizee

Olympia, Wash., July 6 – Credit Suisse AG, London Branch priced $600,000 of 15.05% yield notes due July 2, 2021 linked to the common stocks of Apple Inc., Amazon.com, Inc., Facebook, Inc., Alphabet Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable on the coupon payment date, which is the maturity date.

The payout at maturity will be par unless any stock finishes below its 70% knock-in level, in which case investors will be fully exposed to any losses of the worst performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Yield notes
Underlying stocks:	Apple Inc., Amazon.com, Inc., Facebook, Inc., Alphabet Inc. and Netflix, Inc.
Amount:	$600,000
Maturity:	July 2, 2021
Coupon:	15.05%, payable at maturity
Price:	Par
Payout at maturity:	Par unless any stock finishes below knock-in level, in which case full exposure to decline of least-performing stock
Initial stock levels:	$360.06 for Apple, $2,734.40 for Amazon, $234.02 for Facebook, $1,431.97 for Alphabet, $457.85 for Netflix
Knock-in levels:	$252.042 for Apple, $1,914.08 for Amazon, $163.814 for Facebook, $1,002.379 for Alphabet, $320.495 for Netflix; 70% of initial levels
Pricing date:	June 25
Settlement date:	July 2
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22552WAQ8

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