New Issue: Credit Suisse prices $4.77 million dual directional capped knock-out notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Jan. 26 – Credit Suisse AG, London Branch priced $4.77 million of 0% dual directional capped knock-out notes due July 25, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par of $1,000 plus the index return, subject to a maximum return of 22.02%.

If the final index level is less than or equal to the initial index level but the index does not decline by more than 22.02%, the payout will be par plus the absolute value of the index return.

If the index declines by more than 22.02%, investors will be fully exposed to the index’s decline from its initial level.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional capped knock-out notes
Underlying index:	Euro Stoxx 50
Amount:	$4,765,000
Maturity:	July 25, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index gains, par plus index return, capped at 22.02%; if index declines by 22.02% or less, par plus absolute value of return; otherwise, full exposure to any losses
	Knock-out buffer amount:	22.02%
Initial level:	3023.21
Pricing date:	Jan. 22
Settlement date:	Jan. 27
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22546VUV6

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