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Published on 3/12/2020 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $625,750 PLUS notes tied to Tokyo Stock Price

By Sarah Lizee

Olympia, Wash., March 12 – Credit Suisse AG, London Branch priced $625,750 of 0% Performance Leveraged Upside Securities due June 3, 2021 linked to the Tokyo Stock Price 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 $12.145 per $10 PLUS. Investors will be fully exposed to any losses of the index.

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

Issuer:Credit Suisse AG, London Branch
Issue:Performance Leveraged Upside Securities
Underlying index:Tokyo Stock Price
Amount:$625,750
Maturity:June 3, 2021
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 300% of index return up to $12.145 per $10 PLUS; 1% loss for every 1% decline from initial level
Initial level:1510.87
Pricing date:Feb. 28
Settlement date:March 4
Agent:Credit Suisse Securities (USA) LLC
Distributor:Morgan Stanley Smith Barney LLC
Fees:2.25%
Cusip:22550V182

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