New Issue: Credit Suisse sells $10 million yield notes on three stocks

By Sarah Lizee

Olympia, Wash., Aug. 7 – Credit Suisse AG, London Branch, priced $10 million of 10.95% yield notes due July 29, 2022 linked to the least performing of the stocks of Dow Inc., Lowe’s Cos., Inc. and Wells Fargo & Co., 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:	Dow Inc., Lowe’s Cos., Inc. and Wells Fargo & Co.
Amount:	$10 million
Maturity:	July 29, 2022
Coupon:	10.95%, 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:	$44.00 for Dow, $149.12 for Lowe’s, $25.49 for Wells
Knock-in levels:	$26.40 for Dow, $89.472 for Lowe’s, $15.294 for Wells, or 60% of initial levels
Pricing date:	July 28
Settlement date:	July 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.32%
Cusip:	22552WDD4

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