New Issue: Credit Suisse prices $3.47 million contingent coupon autocalls linked to Pinterest

Chicago, March 22 – Credit Suisse AG, London Branch priced $3.47 million of contingent coupon autocallable yield notes due Aug. 3, 2022 linked to Pinterest, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 15% if the stock closes at or above its 60% coupon barrier on the review date for that month.

The notes will be called at par if the stock closes at or above 85% of its initial level on a monthly call date starting in April.

The payout at maturity will be par unless the stock finishes below its 50% barrier level, in which case investors will be fully exposed to the decline.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon autocallable yield notes
Underlying stock:	Pinterest, Inc.
Amount:	$3,465,000
Maturity:	Aug. 3, 2022
Coupon:	15% annualized, payable monthly if stock closes at or above 60% coupon barrier on review date for that month
Price:	Par
Payout at maturity:	Par unless stock finishes below 50% knock-in level, in which case full exposure to decline
Call:	At par if stock closes at or above 85% of its initial level on a monthly call date starting in April
Initial level:	$68.51
Coupon barrier:	$41.106, 60% of initial level
Knock-in level:	$34.255, 50% of initial level
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.225%
Cusip:	22552X6S7

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