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Published on 8/3/2018 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $340,000 contingent coupon callable yield notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Aug. 3 – Credit Suisse AG, London Branch priced $340,000 of contingent coupon callable yield notes due Aug. 3, 2021 linked to the lest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a coupon at an annualized rate of 8.25% if each index closes at or above its coupon barrier, 70% of its initial level, on the related quarterly observation date.

The notes may be called in whole, but not in part, at par on any contingent coupon payment date after six months.

The payout at maturity will be par unless any index finishes below its 70% knock-in level, in which case investors will be fully exposed to any losses of the lesser-performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Contingent coupon callable yield notes
Underlying indexes:S&P 500 and Russell 2000
Amount:$340,000
Maturity:Aug. 3, 2021
Coupon:8.25% per year, payable quarterly if each index closes at or above its coupon barrier on related quarterly observation date
Price:Par
Payout at maturity:Par unless either index finishes below its knock-in level, in which case full exposure to any losses of the least-performing index
Call option:In whole at par on any contingent coupon payment date after six months
Initial levels:2,816.29 for S&P and 1,670.805 for Russell
Barrier levels:1,971.403 for S&P and 1,169.5635 for Russell; 70% of initial levels
Knock-in levels:1,971.403 for S&P and 1,169.5635 for Russell; 70% of initial levels
Pricing date:July 31
Settlement date:Aug. 3
Agent:Credit Suisse Securities (USA) LLC
Fees:0.8%
Cusip:22550WZW0

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