Chicago, Aug. 16 – Credit Suisse AG, London Branch priced $1.5 million of contingent coupon autocallable yield notes due Dec. 27, 2023 linked to the common stock of Carlyle Group Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at a rate of 10% per year if the stock closes at or above its coupon barrier price, 70% of its initial price, on the related observation date, in which case any previously unpaid coupons will also be paid.
The notes will be called at par if the stock closes at or above its initial price on any quarterly observation date.
The payout at maturity will be par unless the stock finishes below its knock-in price, 70% of its initial price, in which case investors will be fully exposed to the decline of the stock.
J.P. Morgan Securities LLC is the placement agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Contingent coupon autocallable yield notes
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| Underlying stock: | Carlyle Group Inc.
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| Amount: | $1,500,000
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| Maturity: | Dec. 27, 2023
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| Coupon: | 10% per year, payable quarterly plus any previously unpaid coupons if the stock closes at or above its coupon barrier price on the related observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its knock-in price, in which case full exposure to decline of stock
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| Call: | At par if the stock closes at or above its initial price on any quarterly observation date
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| Initial price: | $52.00
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| Knock-in/coupon barrier price: | $36.40, 70% of initial price
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| Pricing date: | Dec. 21, 2021
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| Settlement date: | Dec. 27, 2021
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| Placement agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 22553PD22
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