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Published on 6/30/2023 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $745,000 of buffered accelerated return equity notes on indexes

Chicago, June 30 – Credit Suisse AG, London Branch priced $745,000 of 0% buffered accelerated return equity securities due July 5, 2024 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index 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 205% the return of the least performing index, capped at par plus 30%.

Investors will receive par if the least performing index falls by 25% or less and will lose 1% for every 1% that the worst performer declines beyond 25%.

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, Nasdaq-100 index and S&P 500 index
Amount:$745,000
Maturity:July 5, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 205% of gain of the least performing index, capped at par plus 30%; investors will receive par if the least performing index falls by 25% or less and will lose 1% for every 1% that the worst performer declines beyond 25%
Initial levels:31097.26 for Dow, 11585.68 for Nasdaq, 3825.33 for S&P
Buffer levels:23322.945 for Dow, 8689.26 for Nasdaq, 2868.9975 for S&P, 75% of initial levels
Pricing date:July 1, 2022
Settlement date:July 7, 2022
Agent:Credit Suisse Securities (USA) LLC
Fees:0.7%
Cusip:22553QBL0

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