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Published on 6/8/2017 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $809,000 two-year Bares tied to S&P 500

By Marisa Wong

Morgantown, W.Va., June 8 – Credit Suisse AG, London Branch priced $809,000 of 0% buffered accelerated return equity securities due May 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to an underlying cap of 12.25%.

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

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 index
Amount:$809,000
Maturity:May 31, 2019
Coupon:0%
Price:Par
Payout at maturity:Par plus double any index gain, up to an underlying cap of 12.25%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial index level:2,415.07
Buffer level:2,173.563, 90% of initial level
Pricing date:May 25
Settlement date:May 31
Agent:Credit Suisse Securities (USA) LLC
Fees:2.55%
Cusip:22550B2N2

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