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Published on 9/25/2023 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $557,000 buffered accelerated return notes on indexes

Chicago, Sept. 25 – Credit Suisse AG, London Branch priced $557,000 of 0% buffered accelerated return equity securities due Sept. 23, 2027 linked to the lowest performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index return is positive, the payout at maturity will be par plus 162% of the return of the lesser-performing index.

Investors will receive par if either index falls by 15% or less and will lose 1% for every 1% that the lesser-performing index declines beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered accelerated return equity securities
Underlying indexes:S&P 500 index, Russell 2000 index and Nasdaq-100 index
Amount:$557,000
Maturity:Sept. 23, 2027
Coupon:0%
Price:Par
Payout at maturity:If each index return is positive, par plus 162% of return of lesser-performing index; par if each index declines by 15% or less; 1% loss for every 1% that lesser-performing index declines beyond 15%
Initial levels:11851.54 for Nasdaq, 1787.504 for Russell, 3855.93 for S&P
Buffer levels:10073.809 for Nasdaq, 1519.3784 for Russell, 3277.5405 for S&P; 85% of initial levels
Pricing date:Sept. 20, 2022
Settlement date:Sept. 23, 2022
Underwriter:Credit Suisse Securities (USA) LLC
Fees:0.85%
Cusip:22553QM20

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