New Issue: Credit Suisse sells $500,000 13.85% yield notes on Valero

By Sarah Lizee

Olympia, Wash., Sept. 17 – Credit Suisse AG, London Branch, priced $500,000 of 13.85% yield notes due Oct. 14, 2021 linked to the common stock of Valero Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable at maturity.

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

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Yield notes
Underlying stock:	Valero Energy Corp.
Amount:	$500,000
Maturity:	Oct. 14, 2021
Coupon:	13.85%, payable annually
Price:	Par
Payout at maturity:	Par unless stock finishes below knock-in level, in which case investors will be exposed to the decline of the least-performing stock
Initial level:	$45.63
Knock-in level:	$29.6595, or 65% of initial level
Pricing date:	Sept. 11
Settlement date:	Sept. 16
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22552WKG9

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