New Issue: Credit Suisse sells $1 million 13.05% yield notes linked to Starbucks, Netflix

By William Gullotti

Buffalo, N.Y., July 22 – Credit Suisse AG, London Branch, priced $1 million of 13.05% yield notes due Jan. 22, 2025 linked to the least performing of the stocks of Netflix, Inc. and Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless any stock finishes below its 50% knock-in level, in which case investors will be exposed to the decline of the least-performing stock from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Yield notes
Underlying stocks:	Netflix, Inc. and Starbucks Corp.
Amount:	$1,001,000
Maturity:	Jan. 22, 2025
Coupon:	13.05%, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below its knock-in level, in which case investors will be exposed to the decline of the least-performing stock from its initial level
Initial levels:	$190.92 for Netflix, $80.23 for Starbucks
Knock-in levels:	$95.46 for Netflix, $40.115 for Starbucks; 50% of initial levels
Strike date:	July 18
Pricing date:	July 19
Settlement date:	July 22
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.5%
Cusip:	22553QEA1

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