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Published on 5/22/2023 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $310,000 of buffered accelerated return equity notes on ETF, index

Chicago, May 22 – Credit Suisse AG, London Branch priced $310,000 of 0% buffered accelerated return equity securities due July 2, 2026 linked to the least performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset closes at or above its initial level, the payout at maturity will be par plus 220% the return of the least performing asset.

Investors will receive par if the least performing asset falls by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered accelerated return equity securities
Underlying assets:iShares MSCI EAFE ETF and Euro Stoxx 50 index
Amount:$310,000
Maturity:July 2, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 220% of gain of the least performing asset; investors will receive par if the least performing asset falls by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%
Initial levels:$63.50 for EAFE, 3538.88 for Stoxx
Buffer levels:$57.15 for EAFE, 3184.992 for Stoxx, 90% of initial levels
Pricing date:June 27, 2022
Settlement date:June 30, 2022
Agent:Credit Suisse Securities (USA) LLC
Fees:3.85%
Cusip:22553Q2P1

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