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Published on 3/5/2021 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $2.43 million PLUS linked to basket of four BRIC ETFs

By Emma Trincal

New York, March 5 – Credit Suisse AG, London Branch priced $2,427,550 of 0% Performance Leveraged Upside Securities due April 7, 2022 linked to a basket of four exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket consists of the iShares MSCI Brazil ETF, the iShares China Large-Cap ETF, the iShares MSCI India ETF and the VanEck Vectors Russia ETF.

The payout at maturity will be par of $10 plus triple any basket gain, capped at $12.15 per PLUS.

Investors will be fully exposed to any basket decline.

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC is acting as distributor.

Issuer:Credit Suisse AG, London Branch
Issue:Performance Leveraged Upside Securities
Underlying ETFs:iShares MSCI Brazil ETF, iShares China Large-Cap ETF, iShares MSCI India ETF and VanEck Vectors Russia ETF, each with a 25% weight
Amount:$2,427,550
Maturity:April 7, 2022
Coupon:0%
Price:Par
Payout at maturity:Par of $10 plus triple any basket gain, up to a maximum return of 21.5%; full exposure to any basket decline.
Initial basket level:$32.11 for iShares MSCI Brazil ETF, $49.40 for iShares China Large-Cap ETF, $42.44 for iShares MSCI India ETF and $25.38 for VanEck Vectors Russia ETF
Pricing date:March 2
Settlement date:March 5
Agent:Credit Suisse Securities (USA) LLC
Distributor:Morgan Stanley Smith Barney LLC
Fees:2.25%
Cusip:22551F566

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