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Published on 3/28/2021 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $2.77 million of market-linked securities on index, ETFs

Chicago, March 29 – Credit Suisse AG priced $2.77 million of market-linked securities with leveraged upside participation and contingent downside due March 2, 2026 linked to the least performing of the Euro Stoxx 50 index, the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If all assets finish above their initial levels, the payout at maturity will be par plus 2.58 times the return of the worst-performing asset.

If any asset finishes below its initial level, but the worst performer finishes above 70% of its initial level, the payout will be par.

Otherwise, investors will have full downside exposure to the return of the worst performer.

Wells Fargo Securities LLC is the agent.

Issuer:Credit Suisse AG
Issue:Market-linked securities – leveraged upside participation and contingent downside
Underlying assets:Euro Stoxx 50 index, the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF
Amount:$2,768,000
Maturity:March 2, 2026
Price:Par
Payout at maturity:Par plus 2.58 times return of worst performer if all finish above initial levels; par if worst performer declines but not more than 30%; otherwise, full exposure to losses of worst performer
Initial levels:3685.28 for Stoxx, $75.07 for EAFE, $54.46 for EM
Threshold levels:2579.696 for Stoxx, $52.549 for EAFE, $38.122 for EM; 70% of initial levels
Pricing date:Feb. 25
Settlement date:March 2
Underwriter:Wells Fargo Securities LLC
Fees:3.62%
Cusip:22552X7C1

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