New Issue: Credit Suisse sells $255,000 autocallable yield notes on S&P, Russell

Chicago, May 12 – Credit Suisse AG, London Branch priced $255,000 of 11.5% autocallable yield notes due Sept. 25, 2023 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest rate will payable quarterly.

The notes will be called at par if each index closes at or above its initial level on June 20, 2023.

The payout at maturity will be par unless either index closes below its knock-in level, 75% of its initial level, on any day during the life of the notes, in which case the payout will be par plus the return of the lesser performing index with the payout capped at par and with full exposure to losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$255,000
Maturity:	Sept. 25, 2023
Coupon:	11.5%, payable quarterly
Price:	Par
Payout at maturity:	Par unless either index ever closes below knock-in level during life of notes, in which case par plus return of worse performing index with payout capped at par and with full exposure to losses
Call:	At par if each index closes at or above the trigger level on June 20, 2023
Initial levels:	3674.84 for S&P and 1665.694 for Russell
Knock-in levels:	2756.13 for S&P and 1249.2705 for Russell, 75% of initial levels
Pricing date:	June 17, 2022
Settlement date:	June 23, 2022
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.75%
Cusip:	22553Q6H5

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