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Published on 10/16/2022 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $1.13 million digital barrier notes on Russell, S&P

By Kiku Steinfeld

Chicago, Oct. 17 – Credit Suisse AG, London Branch priced $1.13 million of 0% digital barrier notes due Feb. 24, 2028 linked to the lowest performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser performing index gains or if it falls by no more than 30%, the payout will be par plus 48.35%.

Otherwise, investors will lose 1% for every 1% decline of the lesser performing index below its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Digital barrier notes
Underlying indexes:Russell 2000 index, S&P 500 index
Amount:$1,132,000
Maturity:Feb. 24, 2028
Coupon:0%
Price:Par
Payout at maturity:If lesser performing index gains or if it falls by no more than 30%, par plus 48.35%; otherwise, full exposure to decline of lesser performing index
Initial levels:2009.333 for Russell, 4348.87 for S&P
Threshold levels:1406.5331 for Russell, 3044.209 for S&P; 70% of initial levels
Pricing date:Feb. 18, 2022
Settlement date:Feb. 24, 2022
Agent:Credit Suisse Securities (USA) LLC
Fees:0%
Cusip:22553PHB8

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