By Kiku Steinfeld
Chicago, March 14 – Credit Suisse AG, London Branch, priced $1.7 million of contingent coupon autocallable yield notes due Sept. 23, 2024 linked to the least performing of the stocks of Roblox Corp. and Skillz Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent monthly coupon at the rate of 28% per year if each stock closes at or above its coupon barrier level, 60% of its initial level, on the related observation date.
The notes will be called at par plus the coupon if each stock closes above 80% of its initial level on any monthly trigger observation date after three months.
The payout at maturity will be par unless either stock finishes below its 50% knock-in level, in which case investors will be exposed to the decline of the least-performing stock from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Contingent coupon autocallable yield notes
|
| Underlying stocks: | Roblox Corp. and Skillz Inc.
|
| Amount: | $1.7 million
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| Maturity: | Sept. 23, 2024
|
| Coupon: | 28% per year, payable monthly if each underlying asset closes at or above its coupon barrier level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless either stock finishes below its knock-in level, in which case investors will be exposed to the decline of the least-performing stock from its initial level
|
| Call: | Par plus the coupon if each stock closes above 80% of its initial level on any monthly trigger observation date after three months
|
| Initial levels: | $81.42 for Roblox, $10.94 for Skillz
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| Coupon barrier levels: | $48.852 for Roblox, $6.564 for Skillz, or 60% of initial levels
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| Knock-in levels: | $40.71 for Roblox, $5.47 for Skillz, or 50% of initial levels
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| Pricing date: | Sept. 16
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| Settlement date: | Sept. 21
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| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3.25%
|
| Cusip: | 22552XVB6
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