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Published on 5/31/2016 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $2.25 million capped gears tied to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., May 31 – Credit Suisse AG, London Branch priced $2.25 million of 0% capped gears due July 31, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par of $10 plus three times the ETF return, subject to a maximum gain of 23%. If the ETF return is negative, investors will be exposed to the ETF’s decline.

UBS Financial Services Inc. is acting as distributor.

Issuer:Credit Suisse AG, London Branch
Issue:Capped gears
Underlying ETF:iShares MSCI Emerging Markets ETF
Amount:$2,248,420
Maturity:July 31, 2017
Coupon:0%
Price:Par of $10.00
Payout at maturity:If ETF return is greater than zero, par plus three times ETF return, subject to 23% maximum gain; if ETF return is negative, exposure to decline
Initial share price:$32.88
Pricing date:May 25
Settlement date:May 31
Distributor:UBS Financial Services Inc.
Fees:2%
Cusip:22548R293

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