Credit Suisse to settle contingent coupon autocallable yield notes on three stocks

By Emma Trincal

New York, June 9 – Credit Suisse AG, London Branch will settle 0% of contingent coupon autocallable yield notes due June 14, 2028, linked to the least performing of the shares of Airbnb, Inc., Snowflake Inc. and Splunk Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon at an annual rate of 20.3% if each stock closes at or above its coupon barrier, 60% of its initial level, on the observation date for that month.

The notes will be called at par if each stock closes at or above its initial level on any quarterly trigger observation date after six months.

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

Credit Suisse Securities (USA) LLC is the agent.

The notes were expected to price on June 9 and to settle on June 14.

The Cusip number is 22552XMV2.

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