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Published on 6/12/2015 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $1.78 million Stars tied to three financial stocks

By Angela McDaniels

Tacoma, Wash., June 12 – Credit Suisse AG, London Branch priced $1.78 million of 0% Strategic Accelerated Redemption Securities due June 15, 2018 linked to the worst performing of the common stocks of Citigroup Inc., Goldman Sachs Group, Inc. and JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call premium of 18.75% per year if each stock closes at or above its initial share price on any annual call observation date.

If the notes are not called, the payout at maturity will be par minus 1% for every 1% that the worst-performing stock finishes below its initial share price.

BofA Merrill Lynch is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Strategic Accelerated Redemption Securities
Underlying stocks:Citigroup Inc. (NYSE: C), Goldman Sachs Group Inc. (NYSE: GS) and JPMorgan Chase & Co. (NYSE: JPM)
Amount:$1,775,000
Maturity:June 15, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:Par minus 1% for every 1% that worst-performing stock finishes below initial share price
Call:At par plus call premium of 18.75% per year if each stock closes at or above initial share price on any annual call observation date
Initial share prices:$57.02 for Citigroup, $213.13 for Goldman Sachs and $68.26 for JPMorgan
Pricing date:June 10
Settlement date:June 15
Agent:BofA Merrill Lynch
Fees:2%
Cusip:22548D625

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