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Published on 4/29/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $3.06 million one-year Bares linked to the Dow

By Marisa Wong

Morgantown, W.Va., April 29 – Credit Suisse AG, London Branch priced $3.06 million of 0% Buffered Accelerated Return Equity Securities due April 14, 2020 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 210% of the index return, subject to a maximum payout of par plus 13.35%. Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline in the index beyond 5%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered Accelerated Return Equity Securities
Underlying index:Dow Jones industrial average
Amount:$3,059,000
Maturity:April 14, 2020
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 210% of the index return, capped at par plus 13.35%; par if index falls by up to 5%; 1% loss for every 1% decline in the index beyond 5%
Initial index level:26,150.58
Buffer level:24,843.051, 95% of initial level
Pricing date:April 9
Settlement date:April 12
Underwriter:Credit Suisse Securities (USA) LLC
Fees:None
Cusip:22552FAN2

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