New Issue: Credit Suisse prices $650,000 review notes linked to S&P 500 index

Chicago, May 1 – Credit Suisse AG, London Branch priced $650,000 of review notes due June 17, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 11% if the index closes at or above the initial index level on June 22, 2023.

If the notes are not called and the final index level is greater than the knock-out level, 85% of the initial index level, the payout at maturity will be par plus the greater of the index return and 22%. Otherwise, investors will be exposed to the index’s decline.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Review notes
Underlying index:	S&P 500 index
Amount:	$650,000
Maturity:	June 17, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than knock-out level, par plus greater of index return and 22%; otherwise, exposure to index’s decline
Call:	Automatically at par plus 11% if index closes at or above initial index level on June 22, 2023
Initial level:	3900.86
Knock-out level:	3315.73, or 85% of initial level
Pricing date:	June 10, 2022
Settlement date:	June 15, 2022
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.5%
Cusip:	22553Q5L7

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