New Issue: Credit Suisse prices $2.31 million knock-out notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Oct. 17 – Credit Suisse AG, London Branch priced $2.31 million of 0% knock-out notes due Oct. 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the index finishes below 85% of its initial level.

If a knock-out event has not occurred, the payout at maturity will be par plus 8.1%.

If a knock-out event has occurred, investors will lose 1% for each 1% decline.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Knock-out notes
Underlying index:	S&P 500 index
Amount:	$2,308,000
Maturity:	Oct. 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8.1% unless index finishes below knock-out level, in which case 1% loss for each 1% decline
Initial level:	2,767.13
Knock-out level:	2,352.06, 85% of initial level
Final level:	Average of index closing levels on each of five trading days ending Oct. 25, 2019
Pricing date:	Oct. 12
Settlement date:	Oct. 17
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22551LFV7

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