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Published on 4/14/2020 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $335,000 buffered return equity notes on S&P 500

Chicago, April 14 – Credit Suisse AG, London Branch priced $335,000 of 0% buffered return equity securities due April 8, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or finishes flat, the payout at maturity will be par plus the index return.

If the index declines by 23% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 23%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered return equity securities
Underlying index:S&P 500 index
Amount:$335,000
Maturity:April 8, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain; par if the index falls by up to 23%; 1% loss for each 1% decline beyond 23%
Initial level:2584.59
Buffer level:1990.1343, 77% of initial level
Pricing date:April 1
Settlement date:April 8
Agent:Credit Suisse Securities (USA) LLC
Fees:1.004%
Cusip:22551NXD3

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