New Issue: Credit Suisse sells $476,000 of buffered accelerated return equity notes on S&P, Dow

Chicago, May 12 – Credit Suisse AG, London Branch priced $476,000 of 0% buffered accelerated return equity securities due Dec. 20, 2024 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level, the payout at maturity will be par plus 150% the return of the least performing index, capped at par plus 39%.

Investors will receive par if the least performing index falls by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying indexes:	Dow Jones industrial average and S&P 500 index
Amount:	$476,000
Maturity:	Dec. 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of gain of the least performing index, capped at par plus 39%; investors will receive par if the least performing index falls by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%
Initial levels:	29888.78 for Dow, 3674.84 for S&P
Buffer levels:	26899.902 for Dow, 3307.356 for S&P, 90% of initial levels
Pricing date:	June 17, 2022
Settlement date:	June 23, 2022
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.9%
Cusip:	22553PZX0

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