New Issue: Credit Suisse sells $677,000 autocallable securities on four stocks

By William Gullotti

Buffalo, N.Y., Aug. 13 – Credit Suisse AG, London Branch priced $677,000 of 0% autocallable securities due June 18, 2027 linked to the stock performance of fuboTV Inc., Lemonade, Inc., Palantir Technologies Inc. and RealReal, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annual redemption premium of 40% if all stocks close at or above the autocall threshold, 80% of initial levels, on any semiannual observation date after one year.

If the notes are not called and the final level of each stock is equal to or greater than its threshold level, 80% of its initial level, the payout will be par plus 240%.

If the final level of any stock is less than its threshold level, but all stocks finish at or above the 50% knock-in level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the lesser performing stock from its initial level.

The agent is Credit Suisse Securities (USA) LLC.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying stocks:	Palantir Technologies Inc., RealReal, Inc., Lemonade, Inc., fuboTV Inc.
Amount:	$677,000
Maturity:	June 18, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of the worst performing stock is greater than or equal to its threshold level, par plus 240%; if any stock falls below the threshold, but all finish at or above the knock-in level, par; otherwise, 1% loss for each 1% decline of worst performing stock from initial levels
Call:	Automatically at par plus annualized redemption premium of 40% if each stock closes at or above its autocall threshold level, 80% of initial level, on any semiannual observation date after one year
Initial levels:	$27.90 for fuboTV, $96.38 for Lemonade, $24.41 for Palantir, $19.35 for RealReal
Knock-in level:	$13.95 for fuboTV, $48.19 for Lemonade, $12.205 for Palantir, $9.675 for RealReal; 50% of initial levels
Threshold level:	$22.32 for fuboTV, $77.104 for Lemonade, $19.528 for Palantir, $15.48 for RealReal; 80% of initial levels
Pricing date:	June 15
Settlement date:	June 18
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.75%
Cusip:	22552XMY6

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