Chicago, Oct. 2 – Credit Suisse AG, London Branch priced $105,000 of contingent coupon callable yield notes due Sept. 30, 2027 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at an annualized rate of 10% if the index closes at or above its coupon barrier, 70% of its initial level, on the related observation date.
The notes may be called quarterly in whole, but not in part, at par plus any coupon due on any quarterly observation date starting after six months.
The payout at maturity will be par unless the index finishes below its knock-in level, 60% of its initial level, in which case investors will be exposed to the decline of the index from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Contingent coupon callable yield notes
|
| Underlying index: | Nasdaq-100 index
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| Amount: | $105,000
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| Maturity: | Sept. 30, 2027
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| Coupon: | 10% per year, payable quarterly if the index closes at or above its coupon barrier on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless index finishes below knock-in level, in which case exposure to decline of index
|
| Call option: | Callable at par plus any coupon due on any quarterly call observation date
|
| Initial level: | 11493.83
|
| Barrier level: | 8045.681; 70% of initial levels
|
| Knock-in level: | 6896.298; 60% of initial levels
|
| Pricing date: | Sept. 28, 2022
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| Settlement date: | Sept. 30, 2022
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.65%
|
| Cusip: | 22553QM38
|
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