New Issue: Credit Suisse sells $800,000 dual directional knock-out notes on S&P

By Marisa Wong

Morgantown, W.Va., Oct. 22 – Credit Suisse AG, London Branch priced $800,000 of 0% dual directional capped knock-out notes due Oct. 15, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the final index level is greater than the upper knock-out level, 125.9% of the initial level, or less than the lower knock-out level, 74.1% of the initial level.

If a knock-out event has occurred, the payout will be par. Otherwise, the payout will be par plus the absolute value of the index return.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional capped knock-out notes
Underlying index:	S&P 500 index
Amount:	$800,000
Maturity:	Oct. 15, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless final index level is greater than upper knock-out level or less than lower knock-out level, in which case par plus absolute value of index return
Initial level:	2,767.13
Upper knock-out level:	3,483.82, 125.9% of initial level
Lower knock-out level:	2,050.44, 74.1% of initial level
Final level:	Average of index closing levels on each of five trading days ending Oct. 12, 2012
Pricing date:	Oct. 12
Settlement date:	Oct. 17
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	2%
Cusip:	22551LF96

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