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Published on 8/30/2021 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $10.54 million trigger callable yield notes linked to Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Aug. 30 – Credit Suisse AG, London branch priced $10.54 million of 4.7% trigger callable yield notes due Nov. 30, 2022 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par of $10 on any monthly coupon payment date after three months.

The payout at maturity will be par unless the lowest performing index finishes below its 60% downside threshold level, in which case investors will be fully exposed to the worst performer’s decline.

UBS Financial Services Inc. is the agent.

Issuer:Credit Suisse AG, London branch
Issue:Trigger callable yield notes
Underlying indexes:Russell 2000 index, Nasdaq-100 index
Amount:$10,536,090
Maturity:Nov. 30, 2022
Coupon:4.7%, payable monthly
Price:Par of $10
Payout at maturity:If the lowest performing index finishes at or above downside threshold level, par; otherwise, full exposure to losses of lowest performing index
Call option:At par on any monthly call date after three months
Initial levels:15,368.92 for Nasdaq, 2,239.269 for Russell
Downside threshold levels:9,221.35 for Nasdaq, 1,343.561 for Russell; 60% of initial levels
Pricing date:Aug. 25
Settlement date:Aug. 30
Agent:UBS Financial Services Inc.
Fees:1%
Cusip:22552Y796

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