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Published on 8/2/2017 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $5.30 million capped trigger gears on Russell 2000

By Marisa Wong

Morgantown, W.Va., Aug. 2 – Credit Suisse AG, London Branch priced $5.30 million of 0% capped trigger gears due July 31, 2020 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 of $10 plus 2 times the index return, subject to a maximum gain of 31.8%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.

UBS Financial Services Inc. is distributor.

Issuer:Credit Suisse AG, London Branch
Issue:Capped trigger gears
Underlying index:Russell 2000
Amount:$5,300,500
Maturity:July 31, 2020
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 2 times any index gain, capped at 31.8%; par if index falls by up to 25% and full exposure to any losses if index finishes below downside threshold
Initial level:1,442.279
Downside threshold:1,081.709, 75% of initial level
Pricing date:July 26
Settlement date:July 31
Distributor:UBS Financial Services Inc.
Fees:2.5%
Cusip:22549C477

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