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Published on 8/16/2017 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $820,000 18-month Bares linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Aug. 16 – Credit Suisse AG, London Branch priced $820,000 of 0% Buffered Accelerated Return Equity Securities due Feb. 12, 2019 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payout of par plus 18%. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline in the index beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:Credit Suisse AG, London branch
Issue:Buffered Accelerated Return Equity Securities
Underlying index:Euro Stoxx 50
Amount:$820,000
Maturity:Feb. 12, 2019
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 200% of the index return, subject to maximum payout of par plus 18%; par if index falls by up to 10%; 1% loss for every 1% decline in the index beyond 10%
Initial index level:3,505.80
Buffer level:3,155.22, 90% of initial level
Pricing date:Aug. 7
Settlement date:Aug. 10
Underwriter:Credit Suisse Securities (USA) LLC
Fees:0.6%
Cusip:22550BDN0

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