New Issue: Credit Suisse sells $500,000 7.7% yield notes on S&P, Dow, Russell

By William Gullotti

Buffalo, N.Y., July 8 – Credit Suisse AG, London Branch priced $500,000 of 7.7% yield notes due July 8, 2024 linked to the least performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless any index finishes below its 60% knock-in level, in which case investors will be exposed to the decline of the least-performing index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Yield notes
Underlying indexes:	S&P 500 index, Dow Jones industrial average, Russell 2000 index
Amount:	$500,000
Maturity:	July 8, 2024
Coupon:	7.7%, payable monthly
Price:	Par
Payout at maturity:	Par unless any index finishes below its knock-in level, in which case investors will be exposed to the decline of the least-performing index from its initial level
Initial levels:	3,818.83 for S&P, 31,029.31 for Dow, 1,719.37 for Russell
Knock-in levels:	2,291.298 for S&P, 18,617.586 for Dow, 1,031.622 for Russell; 60% of initial levels
Strike date:	June 29
Pricing date:	June 30
Settlement date:	July 6
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.4%
Cusip:	22553QBQ9

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