New Issue: Credit Suisse sells $1 million reverse convertibles on Children’s Place

By Kiku Steinfeld

Chicago, March 14 – Credit Suisse AG, London Branch priced $1 million of 9% reverse convertible securities due Dec. 21, 2021 linked to the common stock of Children’s Place, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the stock finishes below its 60.326% knock-in level, in which case investors will receive a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Reverse convertible securities
Underlying stock:	Children’s Place, Inc.
Amount:	$1 million
Maturity:	Dec. 21, 2021
Contingent coupon:	9%, payable monthly
Price:	Par
Payout at maturity:	Par unless stock falls below knock-in level, in which case a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent
Initial level:	$81.01
Knock-in level:	$48.87, 60.326% of initial level
Pricing date:	Sept. 16
Settlement date:	Sept. 21
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22550MCJ6

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