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Published on 7/19/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $858,500 PLUS linked to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, July 19 – Credit Suisse AG, London Branch priced $858,500 of 0% Performance Leveraged Upside Securities due Nov. 4, 2020 linked 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 300% of the index return up to a maximum gain of 26.55%. If the index return is negative, investors will lose 1% for every 1% that the index declines from its initial level.

Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management as a dealer.

Issuer:Credit Suisse AG, London Branch
Issue:Performance Leveraged Upside Securities
Underlying index:Euro Stoxx 50
Amount:$858,500
Maturity:Nov. 4, 2020
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 300% of index return up to a maximum gain of 26.55%; if index return is negative, 1% loss for every 1% that index declines from initial level
Initial level:3,501.58
Pricing date:July 17
Settlement date:July 22
Agent:Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management as a dealer
Fees:2.25%
Cusip:22550F658

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