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Published on 9/8/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $1.88 million buffered accelerated return notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Sept. 8 – Credit Suisse AG, London Branch priced $1.88 million of 0% buffered accelerated return equity securities due Sept. 8, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 123% of the index return.

Investors will receive par if the index falls by 5% or less and will lose 1% for every 1% decline beyond 5%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered accelerated return equity securities
Underlying index:S&P 500
Amount:$1,877,000
Maturity:Sept. 8, 2025
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 123% of index return; par if index declines by 5% or less; 1% loss for every 1% index declines beyond 5%
Initial index level:3,924.26
Buffer level:3,728.047, 95% of initial level
Pricing date:Sept. 2
Settlement date:Sept. 8
Underwriter:Credit Suisse Securities (USA) LLC
Fees:1.2%
Cusip:22553QHS9

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