New Issue: Credit Suisse prices $1.26 million contingent coupon autocallable yield notes on Amazon.com

By Wendy Van Sickle

Columbus, Ohio, March 8 – Credit Suisse AG, London Branch priced $1.26 million of contingent coupon autocallable yield notes due Feb. 23, 2024 linked to Amazon.com, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 10.26% annualized if the stock closes at or above its coupon barrier level, 80% of the initial level, on any quarterly observation date.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any interest payment date.

The payout at maturity will be par unless the stock finishes below its 80% knock-in level, in which case investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying stock:	Amazon.com, Inc.
Amount:	$1,257,000
Maturity:	Feb. 23, 2024
Coupon:	10.26%, payable quarterly if stock closes at or above its coupon barrier level on observation date for quarter
Price:	Par
Payout at maturity:	If stock falls below knock-in level, par plus return; otherwise, par
Call:	At par plus coupon if stock closes at or above its initial level on any interest payment date
Initial level:	$3,249.90
Coupon barrier:	$2,599.92, 80% of initial level
Trigger level:	$2,599.92, 80% of initial level
Pricing date:	Feb. 19
Settlement date:	Feb. 24
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.75%
Cusip:	22552XC92

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