New Issue: Credit Suisse sells $500,000 knock-out notes linked to FedEx

By Wendy Van Sickle

Columbus, Ohio, Oct. 4 – Credit Suisse AG, London Branch priced $500,000 of 0% knock-out notes due Oct. 15, 2020 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above 75% of its initial value, the payout at maturity will be par plus 11%.

If the stock falls below the 75% knock-out buffer, 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:	Knock-out notes
Underlying stock:	FedEx Corp.
Amount:	$500,000
Maturity:	Oct. 15, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 11% unless stock falls by more than 25%, in which case 1% loss for each 1% stock decline
Initial price:	$144.96
Knock-out level:	$108.72, 75% of initial level
Pricing date:	Sept. 27
Settlement date:	Oct. 2
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22552FXS6

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