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Published on 11/1/2016 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $2 million Bares linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Nov. 1 – Credit Suisse AG, London Branch priced $2 million of 0% Buffered Accelerated Return Equity Securities due March 30, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum return of 15%. Investors will receive par if the ETF falls by up to 20% and lose 1.25% for every 1% decline in the ETF beyond 20%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered Accelerated Return Equity Securities
Underlying ETF:iShares MSCI EAFE
Amount:$2 million
Maturity:March 30, 2018
Coupon:0%
Price:Par
Payout at maturity:If ETF return is positive, par plus 150% of ETF return, up to 15% maximum return; par if ETF falls by up to 20%; 1.25% loss for every 1% decline in ETF beyond 20%
Initial share price:$57.88
Pricing date:Oct. 27
Settlement date:Nov. 1
Underwriter:Credit Suisse Securities (USA) LLC
Fees:None
Cusip:22548QME2

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