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Published on 9/28/2020 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $13.58 million Accelerated Return Notes on Gold Miners ETF

By Marisa Wong

Los Angeles, Sept. 28 – Credit Suisse AG, London Branch priced $13.58 million of 0% Accelerated Return Notes due Nov. 26, 2021 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum payout of par plus 40.4%. Investors will be exposed to any fund decline.

BofA Securities, Inc. is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Accelerated Return Notes
Underlying fund:VanEck Vectors Gold Miners ETF
Amount:$13,579,550
Maturity:Nov. 26, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any fund gain, capped at par plus 40.4%; full exposure to any fund decline
Initial value:$38.69
Final fund level:Average of fund’s closing levels on five trading days ending Nov. 22, 2021
Pricing date:Sept. 24
Settlement date:Oct. 1
Agent:BofA Securities, Inc.
Fees:1.75%
Cusip:22550J650

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