New Issue: Credit Suisse sells $2.74 million yield notes on three stocks

By Taylor Fox

New York, Feb. 16 – Credit Suisse AG, London Branch, priced $2.74 million of 8.6% yield notes due Jan. 23, 2023 linked to the least performing of the common stocks of Citigroup Inc., Dow Inc. and Lowe’s Cos., 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:	Citigroup Inc., Dow Inc. and Lowe’s Cos., Inc.
Amount:	$2,735,000
Maturity:	Jan. 23, 2023
Coupon:	8.6%, 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:	$69.01 for Citigroup, $59.65 for Dow and $170.39 for Lowe’s
Knock-in levels:	$41.406 for Citigroup, $35.79 for Dow and $102.234 for Lowe’s; 60% of initial levels
Pricing date:	Jan. 15
Settlement date:	Jan. 21
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.4%
Cusip:	22552X5M1

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