New Issue: Credit Suisse prices $1 million contingent coupon yield notes on stocks

By Wendy Van Sickle

Columbus, Ohio, July 14 – Credit Suisse AG, London Branch priced $1 million of contingent coupon yield notes due June 1, 2022 linked to the shares of Amazon.com, Inc., Target Corp. and Wayfair Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annualized rate of 15.35% if each stock closes at or above its coupon barrier level, 65% of its initial level, on the observation date for that quarter.

The payout at maturity will be par unless either stock finishes below its knock-in level, 65% of its initial level, in which case investors will be fully exposed to the decline in the least-performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon yield notes
Underlying stocks:	Amazon.com, Inc., Target Corp. and Wayfair Inc.
Amount:	$1 million
Maturity:	June 1, 2022
Coupon:	15.35%, payable quarterly if each stock closes at or above barrier level on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless either stock finishes below knock-in level, in which case full exposure to decline in least-performing stock
Initial levels:	$225.30 for Target, $3,259.05 for Amazon.com and $311.76 for Wayfair
Barrier/knock-in levels:	$146.445 for Target, $2,118.3825 for Amazon.com and 202.644 for Wayfair; 65% of initial level
Pricing date:	May 26
Settlement date:	June 1
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.2%
Cusip:	22552XM75

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