New Issue: Credit Suisse sells $215,000 autocallable yield notes on tech stocks

By Kiku Steinfeld

Chicago, July 3 – Credit Suisse AG, London Branch priced $215,000 of autocallable yield notes due May 31, 2022 linked to 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 a rate of 7.45% year.

The notes will be automatically called at par plus the coupon 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:	$215,000
Maturity:	May 31, 2022
Coupon:	7.45% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below knock-in level, in which case 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:	$1,78.23 for Apple, $1,836.43 for Amazon, $184.31 for Facebook, $1,134.15 for Alphabet
Knock-in levels:	$106.938 for Apple, $1,101.858 for Amazon, $110.586 for Facebook, $680.49 for Alphabet; 60% of initial prices
Pricing date:	May 28
Settlement date:	May 31
Agent:	Incapital LLC
Fees:	3.25%
Cusip:	22552FEB4

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