New Issue: Credit Suisse prices $6.82 million 4.53% trigger callable yield notes linked to two ETFs

By William Gullotti

Buffalo, N.Y., Sept. 27 – Credit Suisse AG, London branch priced $6.82 million of 4.53% trigger callable yield notes due July 12, 2023 linked to the Invesco QQQ Trust, Series 1 and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par of $10 on any monthly coupon payment date after three months.

The payout at maturity will be par unless the lowest performing ETF finishes below its 60% downside threshold level, in which case investors will be fully exposed to that ETF’s decline from its initial level.

UBS Financial Services Inc. is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Trigger callable yield notes
Underlying funds:	Invesco QQQ Trust, Series 1, iShares MSCI Emerging Markets ETF
Amount:	$6,824,500
Maturity:	July 12, 2023
Coupon:	4.53%, payable monthly
Price:	Par of $10
Payout at maturity:	If the lowest performing ETF finishes at or above downside threshold level, par; otherwise, full exposure to decline of lowest performing ETF from initial level
Call option:	At par on any monthly call date after three months
Initial levels:	$53.76 for iShares, $360.95 for Invesco
Downside threshold levels:	$32.26 for iShares, $216.57 for Invesco; 60% of initial levels
Pricing date:	July 7
Settlement date:	July 12
Agent:	UBS Financial Services Inc.
Fees:	1%
Cusip:	22552Y432

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