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Published on 11/29/2016 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $14.35 million Accelerated Return Notes tied to Euro Stoxx

By Devika Patel

Knoxville, Tenn., Nov. 29 – Credit Suisse AG, London Branch priced $14.35 million of 0% Accelerated Return Notes due Jan. 26, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain, up to a maximum payout of $12.235 per $10 of notes. Investors will lose 1% for each 1% decline.

BofA Merrill Lynch is the underwriter.

Issuer:Credit Suisse AG, London Branch
Issue:Accelerated Return Notes
Underlying index:Euro Stoxx 50
Amount:$14,344,990
Maturity:Jan. 26, 2018
Coupon:0%
Price:Par of $10.00
Payout at maturity:Par plus triple any index gain, capped at 22.35%; 1% loss for each 1% decline
Initial level:3,044.33
Final index level:Average of closing levels on five trading days ending Jan. 23, 2018
Pricing date:Nov. 22
Settlement date:Nov. 30
Underwriters:BofA Merrill Lynch
Fees:2%
Cusip:22549J605

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