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Published on 8/2/2021 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $3.45 million buffered accelerated return notes on tech stocks

By Kiku Steinfeld

Chicago, Aug. 2 – Credit Suisse AG, London Branch priced $3.45 million of 0% buffered accelerated return equity securities due Aug. 19, 2022 linked to the lowest performing of the stocks of Apple Inc., Amazon.com, Inc., Alphabet Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock closes at or above its initial level, the payout at maturity will be par plus 162.15% of the return of the lesser-performing stock.

Investors will receive par if either stock falls by 10% or less and will lose 1% for every 1% that the lesser-performing stock declines beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered accelerated return equity securities
Underlying stocks:Apple Inc., Amazon.com, Inc., Alphabet Inc. and Microsoft Corp.
Amount:$3.45 million
Maturity:Aug. 19, 2022
Coupon:0%
Price:Par
Payout at maturity:If each stock closes at or above initial level, par plus 162.15% of return of lesser-performing stock; par if each stock declines by 10% or less; 1% loss for every 1% that lesser-performing stock declines beyond 10%
Initial levels:$2,539.40 for Alphabet, $3,573.63 for Amazon, $146.39 for Apple and $280.75 for Microsoft
Buffer levels:$2,285.46 for Alphabet, $3,216.267 for Amazon, $131.751 for Apple and $252.675 for Microsoft; 90% of initial levels
Pricing date:July 16
Settlement date:July 21
Underwriter:Credit Suisse Securities (USA) LLC
Fees:2.35%
Cusip:22552XQU0

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