New Issue: Credit Suisse sells $2 million 12.5% yield notes on Chewy, Disney, Palantir

By William Gullotti

Buffalo, N.Y., Nov. 1 – Credit Suisse AG, London Branch, priced $2 million of 12.5% yield notes due Nov. 1, 2023 linked to the least performing of the stocks of Chewy, Inc., Walt Disney Co. and Palantir Technologies Inc., 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 60% 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:	Chewy, Inc., Walt Disney Co., Palantir Technologies Inc.
Amount:	$2 million
Maturity:	Nov. 1, 2023
Coupon:	12.5%, 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:	$67.99 for Chewy, $172.04 for Disney, $25.52 for Palantir
Knock-in levels:	$40.794 for Chewy, $103.224 for Disney, $15.312 for Palantir; 60% of initial levels
Strike date:	Oct. 26
Pricing date:	Oct. 27
Settlement date:	Nov. 1
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.4%
Cusip:	22552XZS5

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