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Published on 1/7/2020 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $2.05 million digital plus buffered notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, Jan. 7 – Credit Suisse AG, London Branch priced $2.05 million of 0% digital plus buffered notes due Dec. 31, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to the buffer level, 80% of the initial level, the payout at maturity will be par plus the return, capped at par plus 60%.

If the index declines by more than 10%, investors will lose 1% for each 1% decline beyond the buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Digital plus buffered notes
Underlying index:Euro Stoxx 50 index
Amount:$2.05 million
Maturity:Dec. 31, 2024
Coupon:0%
Price:Par
Payout at maturity:If the final level of the, index is greater than or equal to the buffer level, 80% of the initial level, par plus the return, capped at par plus 60%; if index declines by more than 10%, 1% loss for each 1% decline beyond the buffer
Initial level:3,782.27
Buffer level:3404.043, 90% of initial level
Pricing date:Dec. 27
Settlement date:Dec. 31
Underwriter:Credit Suisse Securities (USA) LLC
Fees:4.25%
Cusip:22551NF76

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