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Published on 7/1/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $3.29 million digital barrier notes on Russell, S&P

By William Gullotti

Buffalo, N.Y., July 1 – Credit Suisse AG, London Branch priced $3.29 million of 0% digital barrier notes due Aug. 1, 2023 linked to the lowest performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 70% threshold level, the payout at maturity will be par plus 13.9%.

Otherwise, investors will lose 1% for every 1% decline of the lesser performing index below its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Digital barrier notes
Underlying indexes:Russell 2000, S&P 500
Amount:$3,288,000
Maturity:Aug. 1, 2023
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above threshold level, par plus 13.9%; otherwise, full exposure to decline of lesser performing index from initial level
Initial levels:1,771.742 for Russell, 3,900.11 for S&P
Threshold levels:1,328.8065 for Russell, 2,925.0825 for S&P; 70% of initial levels
Pricing date:June 27
Settlement date:June 30
Agent:Credit Suisse Securities (USA) LLC
Fees:0.43%
Cusip:22553Q6L6

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