New Issue: Credit Suisse sells $660,000 yield notes on three tech stocks

By Taylor Fox

New York, Oct. 26 – Credit Suisse AG, London Branch, priced $660,000 of 16.2% yield notes due Sept. 30, 2021 linked to the least performing of the stocks of Apple Inc., Facebook, Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable on the maturity date.

The payout at maturity will be par unless any stock finishes below its 75% knock-in level, in which case investors will be exposed to the decline of the least-performing stock from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Yield notes
Underlying stocks:	Apple Inc., Facebook, Inc. and Netflix, Inc
Amount:	$660,000
Maturity:	Sept. 30, 2021
Coupon:	16.2%, payable on the maturity date
Price:	Par
Payout at maturity:	Par unless any stock finishes below its knock-in level, in which case investors will be exposed to the decline of the least-performing stock from its initial level
Initial levels:	$111.81 for Apple, $254.75 for Facebook and $491.17 for Netflix
Knock-in levels:	$83.8575 for Apple, $191.0625 for Facebook and $368.3775 for Netflix, or 75% of initial levels
Pricing date:	Sept. 23
Settlement date:	Sept. 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22552WMW2

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