New Issue: Credit Suisse prices $1 million of 5.25% yield notes linked to S&P 500

By Marisa Wong

Madison, Wis., Dec. 31 – Credit Suisse AG, London Branch priced $1 million of 5.25% yield notes due Dec. 31, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable annually.

The payout at maturity will be par unless the index finishes at or below its knock-in level, in which case investors will be fully exposed to any losses. The knock-in level is 55% of the initial index level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Yield notes
Underlying index:	S&P 500
Amount:	$1 million
Maturity:	Dec. 31, 2024
Coupon:	5.25%, payable annually
Price:	Par of $1,000
Payout at maturity:	Par unless index finishes at or below its knock-in level, in which case investors will be fully exposed to any losses
Initial level:	2,088.77
Knock-in level:	1,148.8235, 55% of initial level
Pricing date:	Dec. 26
Settlement date:	Dec. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22547QZT6

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