New Issue: Credit Suisse prices $9.68 million contingent coupon autocallables linked to four stocks

By Angela McDaniels

Tacoma, Wash., Sept. 30 – Credit Suisse AG, London Branch priced $9.68 million of contingent coupon autocallable yield notes due Sept. 30, 2022 linked to the least performing of the common stocks of Delta Air Lines, Inc., Home Depot, Inc., Intel Corp. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes pay a contingent coupon at the rate of 13.7% per year if each stock closes at or above its knock-in level, 60% of its initial share price, on the observation date for that month.

The notes will be automatically called at par if each stock closes at or above its trigger level, 95% of its initial share price, on any quarterly trigger observation date.

The payout at maturity will be 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 share price.

Incapital LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying stocks:	Delta Air Lines, Inc. (Symbol: DAL), Home Depot, Inc. (Symbol: HD), Intel Corp. (Symbol: INTC) and Microsoft Corp. (Symbol: MSFT)
Amount:	$9,682,000
Maturity:	Sept. 30, 2022
Coupon:	Each month, notes pay contingent coupon at rate of 13.7% per year unless any stock closes below knock-in level on observation date for that month
Price:	Par
Payout at maturity:	Par unless any stock finishes below knock-in level, in which case exposure to decline of least-performing stock from initial share price
Call:	Automatically at par if each stock closes at or above trigger level on any quarterly trigger observation date
Initial share prices:	$58.31 for Delta, $228.10 for Home Depot, $51.02 for Intel and $139.36 for Microsoft
Trigger levels:	$55.3945 for Delta, $216.695 for Home Depot, $48.469 for Intel and $132.292 for Microsoft, or 95% of initial share prices
Knock-in prices:	$34.986 for Delta, $136.86 for Home Depot, $30.612 for Intel and $82.616 for Microsoft, or 60% of initial share prices
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Incapital LLC
Fees:	3.5%
Cusip:	22552FWJ7

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