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Published on 10/26/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $603,000 buffered accelerated return notes on S&P

Chicago, Oct. 26 – Credit Suisse AG, London Branch priced $603,000 of 0% buffered accelerated return equity securities due Feb. 28, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return up to par plus 28.3%.

Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered accelerated return equity securities
Underlying index:S&P 500
Amount:$603,000
Maturity:Feb. 28, 2025
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 200% of index return up to par plus 28.3%; par if index declines by 10% or less; 1% loss for every 1% index declines beyond 10%
Initial index level:4384.65
Buffer level:3946.185; 90% of initial level
Pricing date:Feb. 25
Settlement date:March 2
Underwriter:Credit Suisse Securities (USA) LLC
Fees:1.2%
Cusip:22553PJR1

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