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Published on 1/9/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $4.7 million trigger jump notes tied to Euro Stoxx Banks

By Wendy Van Sickle

Columbus, Ohio, Jan. 9 – Credit Suisse AG, London Branch priced $4.7 million of 0% trigger jump securities due July 2, 2020 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the upside return of 33.5%.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses if the index finishes below its 80% trigger level.

Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:Credit Suisse AG, London Branch
Issue:Trigger jump securities
Underlying index:Euro Stoxx Banks
Amount:$4,699,460
Maturity:July 2, 2020
Coupon:0%
Price:Par of $10
Payout at maturity:If index gains, par plus greater of 33.5% and index return; par if index falls by up to 20%; otherwise, 1% loss for each 1% decline
Initial level:86.76
Trigger level:69.41, 80% of initial level
Pricing date:Dec. 28
Settlement date:Jan. 4
Underwriter:Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
Fees:2.5%
Cusip:22549Y156

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