New Issue: Credit Suisse sells $4.36 million autocallable yield notes on four stocks

By Wendy Van Sickle

Columbus, Ohio, Aug. 13 – Credit Suisse AG, London Branch priced $4.36 million of autocallable yield notes due Aug. 2, 2021 linked to the least performing of the common stocks of Apple Inc., Amazon.com, Inc., Facebook, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annual rate of 8.2%.

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., Facebook, Inc. and Alphabet Inc.
Amount:	$4,361,000
Maturity:	Aug. 2, 2021
Coupon:	8.2% 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:	$194.21 for Apple, $1,808 for Amazon, $176.26 for Facebook, $1,268.33 for Alphabet
Knock-in levels:	$116.526 for Apple, $1,084.80 for Amazon, $105.756 for Facebook, $760.998 for Alphabet; 60% of initial levels
Pricing date:	July 26
Settlement date:	Aug. 1
Agent:	Incapital LLC
Fees:	3.3%
Cusip:	22550BUD3

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