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Published on 4/9/2021 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $351,000 buffered return equity notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, April 9 – Credit Suisse AG, London Branch priced $351,000 of 0% buffered return equity securities due June 30, 2022 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index gains or finishes flat, the payout at maturity will be par plus the return of the lesser-performing index up to 13.5%.

If either index declines by up to 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.

Credit Suisse Securities (USA) LLC and InCapital are the agents.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered return equity securities
Underlying indexes:S&P 500, Russell 2000
Amount:$351,000
Maturity:June 30, 2022
Coupon:0%
Price:Par
Payout at maturity:If each index gains or finishes flat, par plus gain of lesser-performing index up to 13.5%; par if either index falls by up to 10%; 1% loss for each 1% that lesser-performing index declines beyond 10%
Initial levels:3,974.54 for S&P, 2,221.4822 for Russell
Buffer levels:3,577.086 for S&P and 1,999.3338 for Russell, 90% of initial levels
Pricing date:March 26
Settlement date:March 31
Agents:Credit Suisse Securities (USA) LLC and InCapital
Fees:2.25%
Cusip:22552XER0

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