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Published on 12/2/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $10,000 of buffered accelerated return equity notes on indexes

By Kiku Steinfeld

Chicago, Dec. 2 – Credit Suisse AG, London Branch priced $10,000 of 0% buffered accelerated return equity securities due July 30, 2026 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset closes at or above its initial level, the payout at maturity will be par plus 120% the return of the least performing asset.

Investors will receive par if the least performing asset falls by 15% or less and will lose 1% for every 1% that the worst performer declines beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered accelerated return equity securities
Underlying assets:Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:$10,000
Maturity:April 1, 2027
Coupon:0%
Price:Par
Payout at maturity:Par plus 120% of gain of the least performing asset; investors will receive par if the least performing asset falls by 15% or less and will lose 1% for every 1% that the worst performer declines beyond 15%
Initial levels:34,955.89 for Dow, 2,078.060 for Russell, 4,575.52 for S&P
Buffer levels:29712.5065 for Dow, 1766.351 for Russell, 3889.192 for S&P, 85% of initial levels
Pricing date:March 28
Settlement date:March 31
Agent:Credit Suisse Securities (USA) LLC
Fees:4.6%
Cusip:22553PM48

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