New Issue: Credit Suisse sells $710,000 contingent coupon callable yield notes on EPAM

By Kiku Steinfeld

Chicago, June 15 – Credit Suisse AG, London Branch, priced $710,000 of contingent coupon callable yield notes due Nov. 30, 2023 to the performance of the stock of EPAM Systems, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annual rate of 12.5% if the stock closes at or above its coupon barrier, 70% of its initial level, on the observation date for that period.

Credit Suisse may redeem the notes at par on any quarterly early redemption date.

The payout at maturity will be par unless the stock finishes below its 70% 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 callable yield notes
Underlying stock:	EPAM Systems, Inc.
Amount:	$710,000
Maturity:	Nov. 30, 2023
Coupon:	12.5% per year, payable quarterly if stock closes at or above its coupon barrier on the related observation date
Price:	Par
Payout at maturity:	Par unless stock finishes below its knock-in level, in which case full exposure to the loss
Call:	At par on any quarterly early redemption date
Initial prices:	$609
Coupon barrier level:	$426.30; 70% of initial level
Knock-in level:	$426.30; 70% of initial level
Pricing date:	Nov. 26, 2021
Settlement date:	Dec. 1, 2021
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22553P4Z9

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