New Issue: Credit Suisse sells $300,000 autocallable yield notes on two stocks

By Kiku Steinfeld

Chicago, Nov. 15 – Credit Suisse AG, London Branch priced $300,000 of autocallable yield notes due March 18, 2025 linked to the least performing of the common stocks of DoorDash, Inc. and Cloudflare, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annual rate of 15%.

The notes will be called at par if each stock closes at or above 95% of its initial level on any quarterly trigger observation date.

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.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying stocks:	DoorDash, Inc. and Cloudflare, Inc.
Amount:	$300,000
Maturity:	March 18, 2025
Coupon:	15% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below knock-in level, in which full exposure to the losses of the least performing stock
Call:	Automatically at par if each stock closes at or above 95% of initial level on any quarterly trigger observation date
Initial prices:	$86.97 for DoorDash, for $88.72 Cloudflare
Knock-in levels:	$43.485 for DoorDash, $44.36 for Cloudflare; 50% of initial levels
Pricing date:	March 15
Settlement date:	March 18
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.75%
Cusip:	22553PNV7

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