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Published on 10/30/2013 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $1.29 million Bares tied to Russell 2000

By Marisa Wong

Madison, Wis., Oct. 30 - Credit Suisse AG, London Branch priced $1.29 million of 0% Buffered Accelerated Return Equity Securities due Oct. 31, 2016 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par plus a fixed payment percentage of 17.5%.

Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered Accelerated Return Equity Securities
Underlying index:Russell 2000
Amount:$1,287,000
Maturity:Oct. 31, 2016
Coupon:0%
Price:Par
Payout at maturity:If index return is zero or positive, par plus 17.5%; par if index falls by up to 20%; 1% loss for every 1% drop beyond 20%
Initial level:1,121.07
Pricing date:Oct. 29
Settlement date:Oct. 31
Underwriter:Credit Suisse Securities (USA) LLC
Fees:2.45%
Cusip:22547QBT2

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