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Published on 10/5/2016 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $15.16 million Accelerated Return Notes on financial stocks

By Devika Patel

Knoxville, Tenn., Oct. 5 – Credit Suisse AG, London Branch priced $15.16 million of 0% Accelerated Return Notes due Nov. 27, 2017 linked to a basket of equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 21.05%. Investors will lose 1% for each 1% decline.

Merrill Lynch & Co. is the underwriter.

Issuer:Credit Suisse AG, London Branch
Issue:Accelerated Return Notes
Underlying basket:Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC), equally weighted
Amount:$15,162,220
Maturity:Nov. 27, 2017
Coupon:0%
Price:Par of $10.00
Payout at maturity:Par plus 300% of any basket gain, capped at 21.05%; 1% loss for each 1% decline
Initial stock levels:$45.80 for Citigroup, $65.65 for JPMorgan, $44.37 for Wells Fargo
Pricing date:Sept. 29
Settlement date:Oct. 6
Underwriters:Merrill Lynch & Co.
Fees:2%
Cusip:22547V634

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