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Published on 4/17/2020 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $1.3 million accelerated barrier notes on S&P, Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, April 17 – Credit Suisse AG, London Branch priced $1.3 million of 0% accelerated barrier notes due April 11, 2025 linked to the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 142% of the return of the worst performing index.

If any index falls but each index finishes at or above the 60% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the worst performing index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Accelerated barrier notes
Underlying indexes:Nasdaq-100, S&P 500 and Russell 2000
Amount:$1.3 million
Maturity:April 11, 2025
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above its initial level, par plus 142% of the return of the worst performing index; if any index falls but all indexes finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worst performing index
Initial index levels:8,238.529 for Nasdaq, 2,789.82 for S&P, 1,246.726 for Russell
Knock-in levels:4,943.1174 for Nasdaq, 1,673.892 for S&P, 14,060.142 for Russell, 60% of initial levels
Pricing date:April 13
Settlement date:April 16
Agent:Credit Suisse Securities (USA) LLC
Fees:2.95%
Cusip:22551NY34

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