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Published on 8/16/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $7.41 million trigger gears linked to Stoxx, S&P

Chicago, Aug. 16 – Credit Suisse AG, London Branch priced $7.41 million of 0% trigger gears due Dec. 24, 2026 linked to the worst performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lesser performer is above its initial level, the payout at maturity will be par plus 2.4225 times the return of that index.

If the worse performer declines but finishes above 75% of its initial level, the payout will be par.

Otherwise, investors will be fully exposed to the losses of the worst performer.

UBS Financial Services Inc. is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Trigger gears
Underlying indexes:Euro Stoxx 50 index, S&P 500 index
Amount:$7,411,500
Maturity:Dec. 24, 2026
Coupon:0%
Price:Par of $10
Payout at maturity:If worst performer finishes above initial level, par plus 2.4225 return of that index; par if worst performer declines but finishes above barrier level; otherwise, full exposure to losses of worst performer
Initial index levels:4174.99 for Stoxx, 4649.23 for S&P
Trigger levels:3131.24 for Stoxx, 3486.92 for S&P; 75% of initial levels
Strike date:Dec. 21, 2021
Pricing date:Dec. 22, 2021
Settlement date:Dec. 27, 2021
Agent:UBS Financial Services Inc.
Fees:3.5%
Cusip:22552J120

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