New Issue: Credit Suisse prices $520,000 dual directional capped notes on Apple

By Wendy Van Sickle

Columbus, Ohio, April 19 – Credit Suisse AG, London Branch priced $520,000 of 0% dual directional capped notes due May 2, 2018 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par plus the return, capped at 10%.

If the stock return is zero or negative but at least negative 17.7%, the payout will be par plus the absolute value of the stock return.

If the stock falls by more than 17.7%, investors will receive par plus the stock return, with full exposure to losses.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional capped notes
Underlying stock:	Apple Inc. (Symbol: AAPL)
Amount:	$520,000
Maturity:	May 2, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the stock return is positive, par plus the return, capped at 10%; if the stock return is zero or negative but at least negative 17.7%, par plus the absolute value of the stock return; if the stock falls by more than 17.7%, par plus the stock return, with full exposure to losses
Initial share price:	$141.05
Final share price:	Average of the closing share prices on the five trading days ending April 27, 2018
Pricing date:	April 13
Settlement date:	April 18
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22549JGC8

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