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Published on 3/30/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $10 million enhanced trigger jump notes on Stoxx, Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, March 30 – Credit Suisse AG, London Branch priced $10 million of 0% enhanced trigger jump securities due Sept. 30, 2026 linked to the lesser performing of the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 75% trigger level, the payout at maturity will equal par of $10 plus the greater of any gain of the worse performing index and the fixed return of 46%.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Wealth Management as dealer.

Issuer:Credit Suisse AG, London Branch
Issue:Enhanced trigger jump securities
Underlying indexes:Euro Stoxx 50, S&P 500, Russell 2000
Amount:$10 million
Maturity:Sept. 30, 2026
Coupon:0%
Price:Par of $10
Payout at maturity:If each index gains or falls by up to 25%, par plus greater of any gain of the worse performing index and the fixed return of 46%; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:2,077.983for Russell, 3,867.73 for Stoxx, 4,543.06 for S&P
Trigger levels:1,558.487 for Russell, 2,900.8 for Stoxx, 3,407.3 for S&P; 75% of initial levels
Pricing date:March 25
Settlement date:March 30
Agent:Credit Suisse Securities (USA) LLC
Distribution:Morgan Stanley Smith Barney LLC
Fees:3%
Cusip:22552J443

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