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Published on 7/8/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $1.77 million Bares linked to Dow industrials

By Angela McDaniels

Tacoma, Wash., July 8 – Credit Suisse AG, London Branch priced $1.77 million of 0% Buffered Accelerated Return Equity Securities due June 30, 2022 linked 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 150% of the index return, subject to a maximum return of 24%. Investors will receive par if the index falls by up to 20% and lose 1% for every 1% that the index declines beyond 20%.

Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered Accelerated Return Equity Securities
Underlying index:Dow Jones industrial average
Amount:$1,769,000
Maturity:June 30, 2022
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 150% of index return, up to 24% maximum return; par if index falls by up to 20%; 1% loss for every 1% index declines beyond 20%
Initial level:26,548.22
Buffer level:21,238.576, or 80% of initial level
Pricing date:June 25
Settlement date:June 28
Agents:Credit Suisse Securities (USA) LLC and Incapital LLC
Fees:2.95%
Cusip:22552FJB9

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