New Issue: Credit Suisse prices $2.85 million dual directional capped knock-out notes on Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, March 23 – Credit Suisse AG, London Branch priced $2.85 million of 0% dual directional capped knock-out notes due April 5, 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 plus the gain, up to an upside maximum return of 10%.

If the index falls by up to the 19.5% contingent buffer, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

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:	$2.85 million
Maturity:	April 5, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, capped at 10%; if index declines by 19.5% or less, par plus absolute value of return; otherwise, full exposure to any losses
Initial level:	3,059.77
Contingent buffer:	19.5%
Pricing date:	March 18
Settlement date:	March 23
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22546VZE9

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