New Issue: Credit Suisse prices $164,159 call warrants tied to JPX-Nikkei 400

By Toni Weeks

San Luis Obispo, Calif., July 7 – Credit Suisse AG, Nassau Branch priced $164,159 call warrants expiring July 6, 2018 linked to the JPX-Nikkei Index 400, according to a 424B2 filing with the Securities and Exchange Commission.

The issuer sold 1,181 warrants with a notional amount of $1,000 per warrant. The issue price is $139 per warrant, or 13.9% of the notional amount. The minimum initial investment is 72 warrants.

The warrants will be automatically exercised on the expiration date. If the final index level is greater than the initial index level, the payout will be $1,000 multiplied by the index return. If the final index level is less than or equal to the initial level, the warrants will expire worthless and investors will lose their entire investments in the warrants.

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

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Call warrants
Underlying index:	JPX-Nikkei Index 400
Warrants:	1,181
Notional amount:	$1,000 each, or $1,181,000 total
Price:	$139 each, or $164,159 total
Expiration date:	July 6, 2018
Payout:	If index’s final level is greater than initial index level, notional amount multiplied by index return; if index’s final level is equal to or less than initial index level, zero
Initial index level:	14,880.05
Pricing date:	July 2
Settlement date:	July 8
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	$6.50 per warrant
Cusip:	22539T415

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