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Published on 12/18/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $341,000 accelerated return securities on Invesco DB Oil

By Kiku Steinfeld

Chicago, Dec. 19 – Credit Suisse AG, London Branch priced $341,000 of 0% accelerated return securities due May 25, 2023 linked to the Invesco DB Oil fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, capped at par plus 64.5%. Investors will be exposed to any fund decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Accelerated return securities
Underlying fund:Invesco DB Oil fund
Amount:$341,000
Maturity:May 25, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% of any fund gain, capped at par plus 64.5%; full exposure to any fund decline
Initial fund level:$18.14
Pricing date:April 20
Settlement date:April 25
Agent:Credit Suisse Securities (USA) LLC
Fees:1.93%
Cusip:22553PS67

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