New Issue: Credit Suisse sells $3.06 million trigger jump securities on SoFi

By William Gullotti

Buffalo, N.Y, Nov. 15 – Credit Suisse AG, London Branch priced $3.06 million of 0% trigger jump securities due Feb. 14, 2023 linked to the stock of SoFi Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is zero or positive, the payout at maturity will be par plus 53.25%.

The payout will be par if the stock declines by 20% or less. If the stock declines by more than 20%, investors will lose 1% for each 1% decline from the initial level.

Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:	Credit Suisse AG, London Branch
Issue:	Trigger jump securities
Underlying stock:	SoFi Technologies, Inc.
Amount:	$3,059,000
Maturity:	Feb. 14, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the stock return is zero or positive, par plus 53.25%; if the stock declines by 20% or less, par; otherwise, 1% loss for each 1% decline from the initial level
Initial level:	$22.14
Trigger level:	$17.71; 80% of initial level
Pricing date:	Nov. 9
Settlement date:	Nov. 15
Underwriter:	Credit Suisse Securities (USA) LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	2.25%
Cusip:	22551G556

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