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Published on 5/29/2018 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $22.88 million accelerated return notes on Russell 2000

By Sarah Lizee

Olympia, Wash., May 29 – Credit Suisse AG, London Branch priced $22.88 million of 0% accelerated return notes due July 26, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return up to a 12.6% return cap.

Investors will be fully exposed to any decline in the index.

BofA Merrill Lynch is the agent.

Issuer:Credit Suisse AG, London
Issue:Accelerated return notes
Underlying index:Russell 2000 index
Amount:$22,881,490
Maturity:March 29, 2019
Coupon:0%
Price:Par of $10.00
Payout at maturity:If index return is positive, par plus 300% of index return, up to 12.6% return cap; full exposure to any index decline
Initial index level:1,628.222
Pricing date:May 24
Settlement date:June 1
Underwriter:BofA Merrill Lynch
Fees:2%
Cusip:22548Y736

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