New Issue: Credit Suisse sells $1.92 million contingent coupon callable yield notes on S&P 500

By Susanna Moon

Chicago, Sept. 30 – Credit Suisse AG, London Branch priced $1.92 million of contingent coupon callable yield notes due Sept. 30, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% if the index closes at or above its coupon barrier level, 75% of the initial level, on the observation date for that quarter.

The notes will be callable at par plus the contingent coupon on any quarterly interest payment.

The payout at maturity will be par unless the index finishes at or below its 50% knock-in level, in which case investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon callable yield notes
Underlying index:	S&P 500
Amount:	$1.92 million
Maturity:	Sept. 30, 2026
Coupon:	7%, payable quarterly if index closes at or above barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	If index falls to or below barrier level, par plus return of worst performing underlying index; otherwise, par
Call option:	At par plus coupon on any interest payment date
Initial level:	1,965.99
Barrier level:	1,474.4925, 75% of initial level
Knock-in level:	982.995, 50% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.27%
Cusip:	22547QT55

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