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Published on 5/7/2018 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $500,000 20% contingent coupon callable yield notes on Amazon, CVS, Micron

By Wendy Van Sickle

Columbus, Ohio, May 7 – Credit Suisse AG, London Branch priced 20% $500,000 of contingent coupon callable yield notes due May 4, 2020 linked to the lowest performing of the common stocks of Amazon.com, Inc., CVS Health Corp. and Micron Technology, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annualized rate of 20% if each stock closes above its coupon barrier level, 60% of its initial level, on the observation date for that period.

Starting Aug. 2, 2018. Credit Suisse may call the notes at par on any coupon payment date.

The payout at maturity will be par unless any stock finishes below its knock-in level, 60% of its initial level, in which case investors will lose 1% for each 1% decline of the worst performing stock from its initial level.

Incapital LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Contingent coupon callable yield notes
Underlying stocks:Amazon.com, Inc., CVS Health Corp. and Micron Technology, Inc.
Amount:$500,000
Maturity:May 4, 2020
Coupon:20% per year, payable quarterly if each stock closes at or above its coupon barrier level on observation date
Price:Par
Payout at maturity:Par unless any stock stock finishes below its knock-in level, in which case full exposure to any losses
Call option:At par on any quarterly call observation date beginning Aug. 2
Initial prices:$1,572.62 for Amazon, $69.95 for CVS, $47.52 for Micron
Coupon barrier/knock-in levels:$943.572 for Amazon, $41.97 for CVS, $28.512 for Micron; 60% of initial prices
Pricing date:April 27
Settlement date:May 2
Agent:Incapital LLC
Fees:2%
Cusip:22550WRE9

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