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Published on 9/20/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $500,000 buffered accelerated return notes on S&P, Dow

By Kiku Steinfeld

Chicago, Sept. 20 – Credit Suisse AG, London Branch priced $500,000 of 0% buffered accelerated return equity securities due Feb. 2, 2027 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the least-performing index return is positive, the payout at maturity will be par plus 134% of that return.

Investors will receive par if the least-performing index falls by 10% or less and will lose 1% for every 1% of its decline beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered accelerated return equity securities
Underlying indexes:S&P 500, Dow Jones industrial average
Amount:$500,000
Maturity:Feb. 2, 2027
Coupon:0%
Price:Par
Payout at maturity:If index return of least-performing index is positive, par plus 134% of that return; par if least-performing index declines by 10% or less; 1% loss for every 1% that least-performing index declines beyond 10%
Initial index level:4326.51 for S&P, 34160.78 for Dow
Buffer level:3893.859 for S&P, 30744.702 for Dow; 90% of initial level
Pricing date:Jan. 28
Settlement date:Feb. 2
Agent:Credit Suisse Securities (USA) LLC
Fees:0.5%
Cusip:22553PH77

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