New Issue: Credit Suisse sells $2.8 million autocallable securities on Russell, Nasdaq, S&P

By William Gullotti

Buffalo, N.Y., Dec. 10 – Credit Suisse AG, London Branch priced $2.8 million of 0% autocallable securities due Dec. 10, 2026 linked to the lowest performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annual redemption premium of 10.1% if all indexes close at or above initial levels on any semiannual observation date after one year.

If the notes are not called and the final level of each index is equal to or greater than its downside threshold, 80% of its initial level, the payout will be par plus 50.5%.

If the final level of the least performing index is less than its downside threshold but greater or equal to its 75% knock-in level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the least performing index from its initial level.

The agent is Credit Suisse Securities (USA) LLC.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying indexes:	Nasdaq-100 index, S&P 500 index, Russell 2000 index
Amount:	$2,795,000
Maturity:	Dec. 10, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of the worst performing index is greater than or equal to its downside threshold, par plus 50.5%; if worst performer finishes below downside threshold but not below knock-in level, par; otherwise, 1% loss for each 1% decline of worst performing index from initial level
Call:	Automatically at par plus annualized redemption premium of 10.1% if each index closes at or above its initial level on any semiannual observation date after one year
Initial levels:	4,686.75 for S&P, 16,325.66 for Nasdaq, 2,253.788 for Russell
Knock-in levels:	3,515.0625 for S&P, 12,244.245 for Nasdaq, 1,690.341 for Russell; 75% of initial levels
Downside thresholds:	3,749.40 for S&P, 13,060.528 for Nasdaq, 1,803.0304 for Russell; 80% of initial levels
Pricing date:	Dec. 7
Settlement date:	Dec. 10
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.55%
Cusip:	22553P7B9

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