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Published on 8/28/2014 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $1.1 million Bares linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Aug. 28 – Credit Suisse AG, London Branch priced $1.1 million of 0% Buffered Accelerated Return Equity Securities due Aug. 28, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to its initial level, the payout at maturity will be par plus 121% of the index return. If the index’s final level is less than its initial level by not more than 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered Accelerated Return Equity Securities
Underlying:Euro Stoxx 50 index
Amount:$1,097,000
Maturity:Aug. 28, 2018
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to initial level, par plus 121% of index return; if index’s final level is less than initial level by not more than 15%, par; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial index level:3,197.54
Pricing date:Aug. 26
Settlement date:Aug. 29
Underwriter:Credit Suisse Securities (USA) LLC
Fees:3.5%
Cusip:22547QR40

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