New Issue: Credit Suisse sells $1.3 million of knock-out notes tied to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Feb. 23 – Credit Suisse AG, London Branch priced $1.3 million of 0% knock-out notes due Aug. 23, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the final index level is less than the initial index level by more than 30.4%.

If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the index return and zero. If a knock-out event has occurred, investors will be fully exposed to the index’s 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:	Euro Stoxx 50
Amount:	$1,299,000
Maturity:	Aug. 23, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of index return and zero unless final index level is less than initial level by more than 30.4%, in which case 1% loss for every 1% index decline from initial level
Initial level:	2,871.05
Final index level:	Average of index’s closing levels on the five trading days ending Aug. 18, 2017
Pricing date:	Feb. 19
Settlement date:	Feb. 24
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22546VX76

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