New Issue: Credit Suisse prices $2.85 million dual directional knock-out notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 7 – Credit Suisse AG, London Branch priced $2.85 million of 0% dual directional capped knock-out notes due Feb. 10, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus the index return, subject to a maximum return of 1%.

If the index declines by 12.15% or less, the payout will be par plus the absolute value of the index return.

If the index declines by more than 12.15%, investors will be fully exposed to the index’s decline from its initial level.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional capped knock-out notes
Underlying index:	S&P 500
Amount:	$2,849,000
Maturity:	Feb. 10, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus index return, subject to 1% maximum return; if index declines by 12.15% or less, par plus absolute value of index return; if index declines by more than 12.15%, full exposure to index’s decline
Initial index level:	2,099.84
Pricing date:	Aug. 5
Settlement date:	Aug. 10
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	0.5%
Cusip:	22546VJR8

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