New Issue: Credit Suisse prices $850,000 dual directional capped knock-out notes on Facebook

By Wendy Van Sickle

Columbus, Ohio, March 10 – Credit Suisse AG, London Branch priced $850,000 of 0% dual directional capped knock-out notes due Sept. 6, 2018 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par plus the return, capped at 20.1%.

If the stock return is zero or negative but at least negative 20.1%, the payout will be par plus the absolute value of the stock return.

If the stock falls by more than 20.1%, investors will receive par plus the stock return, with full exposure to losses.

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 stock:	Facebook, Inc.
Amount:	$850,000
Maturity:	Sept. 6, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the stock return is positive, par plus the return, capped at 20.1%; if the stock return is zero or negative but at least negative 20.1%, par plus the absolute value of the stock return; if the stock falls by more than 20.1%, par plus the stock return, with full exposure to losses
Initial share price:	$137.17
Final share price:	Average of the closing share prices on the five trading days ending Aug. 31, 2018
Pricing date:	March 3
Settlement date:	March 8
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22548QWR2

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