New Issue: Credit Suisse sells $1.2 million yield notes on Tesla

By Kiku Steinfeld

Chicago, March 29 – Credit Suisse AG, London Branch, priced $1.2 million of 17.75% yield notes due March 17, 2022 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable March 17, 2022.

The payout will be par unless the stock finishes below its 60% knock-in level, in which case investors will be exposed to the decline of from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Yield notes
Underlying stocks:	Tesla, Inc.
Amount:	$1.2 million
Maturity:	March 17, 2022
Coupon:	17.75%, payable March 17, 2022
Price:	Par
Payout at maturity:	Par unless the stock finishes below its knock-in level, in which case investors will be exposed to the decline of from its initial level
Initial levels:	$668.06
Knock-in levels:	$400.836, or 60% of initial levels
Pricing date:	March 10
Settlement date:	March 17
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22552XGC1

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