New Issue: Credit Suisse prices $225,000 one-year knock-out notes on Halliburton

By Susanna Moon

Chicago, Oct. 26 – Credit Suisse AG, London Branch priced $225,000 of 0% knock-out notes due Oct. 30, 2019 linked to Halliburton Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above its 90% knock-out level, the payout at maturity will be $1,160 per $1,000 principal amount.

If the stock falls by more than 10%, 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:	Halliburton Co. (Symbol: HAL)
Amount:	$225,000
Maturity:	Oct. 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If stock gains or falls by up to 10%, par plus 16%; otherwise, 1% loss for each 1% decline
Initial level:	$39.60
Knock-out level:	$35.64, 90% of initial level
Pricing date:	Oct. 12
Settlement date:	Oct. 17
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22549JYL8

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