New Issue: Credit Suisse sells $1.25 million knock-out notes linked to Peloton

By Kiku Steinfeld

Chicago, June 7 – Credit Suisse AG, London Branch priced $1.25 million of 0% knock-out notes due Dec. 1, 2022 linked to the common stock of Peloton Interactive, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above 75% of its initial value, the payout at maturity will be par plus 33%.

If the stock falls by more than the 25% knock-out buffer, investors will be fully exposed to any losses, payable in shares or cash at the option of the issuer.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Knock-out notes
Underlying stock:	Peloton Interactive, Inc.
Amount:	$1.25 million
Maturity:	Dec. 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 33% unless stock falls by more than 25%, in which case 1% loss for each 1% stock decline, payable in shares or cash at the option of the issuer
Initial price:	$47.49
Knock-out level:	$35.62, 75% of initial level
Pricing date:	Nov. 17, 2021
Settlement date:	Nov. 22, 2021
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550MXQ7

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