New Issue: Credit Suisse sells $1 million autocallable reverse convertible notes on Diamondback

Chicago, June 1 – Credit Suisse AG, London Branch priced $1 million of 9% autocallable reverse convertible securities due Nov. 18, 2024 linked to the common stock of Diamondback Energy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called if the closing share price is equal to or greater than the initial price on any quarterly observation date after six months.

The payout at maturity will be par unless the stock finishes below the knock-in price, 60% of the initial share price, in which case the payout will be a number of shares equal to $10,000 divided by the initial share price or, at the issuer's option, the value of those shares in cash.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable reverse convertible securities
Underlying stock:	Diamondback Energy, Inc.
Amount:	$1 million
Maturity:	Nov. 18, 2024
Coupon:	9% annual rate, payable monthly
Price:	Par of $10,000
Payout at maturity:	Par unless stock finishes below knock-in price, in which case full exposure to loss of stock payable in shares or cash at issuer’s election
Call:	At par if closing share price on any quarterly observation date after six months is at or above initial share price
Initial share price:	$107.16
Knock-in price:	$64.296, 60% of initial share price
Pricing date:	Nov. 10, 2021
Settlement date:	Nov. 16, 2021
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22550MXC8

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