New Issue: Credit Suisse sells $540,000 autocallable reverse convertible notes on Etsy

Chicago, Sept. 16 – Credit Suisse AG, London Branch priced $540,000 of 17% autocallable reverse convertible securities due Jan. 30, 2023 linked to the common stock of Etsy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called if the closing share price is equal to or greater than the initial price on any quarterly observation date after six months.

The payout at maturity will be par unless the stock finishes below the knock-in price, 70% of the initial share price, in which case the payout will be a number of shares equal to $10,000 divided by the initial share price or, at the issuer's option, the value of those shares in cash.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable reverse convertible securities
Underlying stock:	Etsy, Inc.
Amount:	$540,000
Maturity:	Jan. 30, 2023
Coupon:	17% annual rate, payable monthly
Price:	Par of $10,000
Payout at maturity:	Par unless stock finishes below knock-in price, in which case full exposure to loss of stock payable in shares or cash at issuer’s election
Call:	At par if closing share price on any quarterly observation date after six months is at or above initial share price
Initial share price:	$145.13
Knock-in price:	$101.591, 70% of initial share price
Pricing date:	Jan. 25
Settlement date:	Jan. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22550MB57

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