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Published on 6/8/2018 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $21.41 million leveraged notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., June 8 – Credit Suisse AG, London Branch priced $21.41 million of 0% leveraged notes due July 9, 2019 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 200% of the index return, subject to a maximum settlement amount of $1,141 for each $1,000 note. Investors will be fully exposed to any decline in the index.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Leveraged notes
Underlying index:S&P 500
Amount:$21,407,000
Maturity:July 9, 2019
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 200% of index return, up to maximum settlement amount of $1,141 for each $1,000 note; full exposure to any index decline
Initial index level:2,746.87
Pricing date:June 4
Settlement date:June 11
Agent:Credit Suisse Securities (USA) LLC
Fees:1.09%
Cusip:22550WWM5

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