Credit Suisse plans knock-out notes due 2018 linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 4 – Credit Suisse AG, London Branch plans to price 0% knock-out notes due Jan. 10, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold level, the payout will be par plus 8.55%

If the index falls by more than the 15% contingent buffer, investors will be fully exposed to any losses.

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

The notes will price on Oct. 7 and settle on Oct. 13.

The Cusip number is 22548QKT1.

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