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Published on 8/28/2013 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $2.55 million Bares tied to S&P 500, Russell 2000

By Marisa Wong

Madison, Wis., Aug. 28 - Credit Suisse AG, London Branch priced $2.55 million of 0% Buffered Accelerated Return Equity Securities due Aug. 31, 2015 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worse performing index finishes above its initial level, the payout at maturity will be par plus the fixed return of 15.25%.

Investors will receive par if the worse performing index falls by up to 10% and lose 1% for every 1% decline of the worse performing index beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered Accelerated Return Equity Securities
Underlying indexes:S&P 500, Russell 2000
Amount:$2,549,000
Maturity:Aug. 31, 2015
Coupon:0%
Price:Par
Payout at maturity:If worse performing index gains, par plus 15.25%; par if worse performing index falls by up to 10%; 1% loss for every 1% drop beyond 10%
Initial index levels:1,656.78 for S&P, 1,038.47 for Russell
Pricing date:Aug. 26
Settlement date:Aug. 29
Underwriters:Credit Suisse Securities (USA) LLC
Fees:1.75%
Cusip:22547Q7E0

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