New Issue: Credit Suisse sells $3.81 million trigger callable contingent yield notes tied to indexes

Chicago, Feb. 14 – Credit Suisse AG, London Branch priced $3.81 million of trigger callable contingent yield notes with daily coupon observation due Jan. 31, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at the rate of 9.25% per year if each index’s closing level remains at or above its coupon barrier, 70% of its initial level, on each day during that quarter.

The notes are redeemable at par of $10 plus any coupon on any quarterly observation date other than the final one.

If the notes are not called and each index finishes at or above its 55% downside threshold, the payout at maturity will be par plus any coupon. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

UBS Financial Services Inc. is acting as distributor.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger callable contingent yield notes with daily coupon observation
Underlying indexes:	S&P 500, Russell 2000 and the Euro Stoxx 50
Amount:	$3,810,000
Maturity:	Jan. 31, 2022
Coupon:	9.25% per year, payable quarterly if each index closes at or above its coupon barrier on each day during that quarter
Price:	Par of $10
Payout at maturity:	If each index finishes at or above downside threshold, par plus coupon if applicable; otherwise, 1% loss for every 1% that least-performing index’s final level is below initial level
Call option:	At par plus any coupon on any quarterly observation date other than final one
Initial index levels:	2640.00 for S&P 500, 1471.448 for Russell 2000 and 3153.42 for Euro Stoxx 50
Coupon barriers:	1848.00 for S&P 500, 1030.014 for Russell 2000 and 2207.39 for Euro Stoxx 50; 70% of initial levels
Downside thresholds:	1452.00 for S&P 500, 809.296 for Russell 2000 and 1734.38 for Euro Stoxx 50; 55% of initial levels
Trade date:	Jan. 29
Settlement date:	Jan. 31
Distributor:	UBS Financial Services Inc.
Fees:	1.25%
Cusip:	22549Y578

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