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Published on 9/14/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $1.21 million buffered return equity securities linked to S&P 500

Chicago, Sept. 14 – Credit Suisse AG, London Branch priced $1.21 million of 0% buffered return equity securities due March 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the return capped at 55%.

Investors will receive par if the index finishes at or above the 20% buffer level. Otherwise, investors will lose 1% for every 1% decline of the index beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Buffered return equity securities
Underlying index:S&P 500 index
Amount:$1,206,000
Maturity:March 3, 2025
Coupon:0%
Price:Par
Payout at maturity:If the index finishes at or above initial level, par plus the gain of the index with a maximum gain of 55%; if the index declines but finishes at or above the 80% buffer, par; otherwise, investors will lose 1% for every 1% decline of the index beyond 20%
Initial level:4057.66
Buffer level:3246.128; 80% of initial level
Pricing date:Aug. 26
Settlement date:Aug. 31
Agent:Credit Suisse Securities (USA) LLC
Fees:0.25%
Cusip:22553QGB7

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