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Published on 6/8/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $1.17 million buffered return equity securities on Russell, S&P

Chicago, June 8 – Credit Suisse AG, London Branch priced $1.17 million of 0% buffered return equity securities due Nov. 29, 2023 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lowest-performing index finishes at or above its initial level, the payout at maturity will be par plus the return of that index with the gain capped at 23%.

Investors will receive par if all indexes finish at or above the 90% buffer level. Otherwise, investors will lose 1% for every 1% decline of the worst performing index beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered return equity securities
Underlying indexes:S&P 500 index, Russell 2000 index
Amount:$1,173,000
Maturity:Nov. 29, 2023
Coupon:0%
Price:Par
Payout at maturity:If all indexes finish at or above initial levels, par plus the gain of the lowest-performing index with a maximum payout of par plus 23%; if the worst performer declines but finishes at or above the buffer, par; otherwise, investors will lose 1% for every 1% decline of the worst performer beyond buffer
Initial levels:4701.46 for S&P, 2331.46 for Russell
Buffer levels:4231.314 for S&P, 2098.314 for Russell; 90% of initial levels
Pricing date:Nov. 24, 2021
Settlement date:Nov. 30, 2021
Agent:Credit Suisse Securities (USA) LLC
Fees:2.8%
Cusip:22553P2R9

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