New Issue: Credit Suisse prices $2.6 million knock-out notes linked to iShares MSCI Brazil

By Angela McDaniels

Tacoma, Wash., Feb. 5 – Credit Suisse AG, London Branch priced $2.6 million of 0% knock-out notes due Feb. 20, 2020 linked to the iShares MSCI Brazil exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the final share price is less than the knock-out level, 75% of the initial share price.

If a knock-out event has not occurred, the payout at maturity will be par plus 12%. If a knock-out event has occurred, investors will lose 1% for every 1% that the final share price is below the initial share price.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Knock-out notes
Underlying ETF:	iShares MSCI Brazil
Amount:	$2.6 million
Maturity:	Feb. 20, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 12% unless final share price is less than knock-out level, in which case 1% loss for every 1% that final share price is below initial share price
Initial share price:	$45.40
Final share price:	Average of ETF’s closing share prices on five trading days ending Feb. 14, 2020
Knock-out level:	$34.05, 75% of initial share price
Pricing date:	Feb. 1
Settlement date:	Feb. 6
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22551LX21

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