By Angela McDaniels
Tacoma, Wash., Jan. 17 - Credit Suisse AG, London Branch priced $2.2 million of 0% knock-out notes due Jan. 18, 2019 linked to Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the final index level is less than the initial level by more than 25%.
If a knock-out event does not occur and the index return is greater than zero, the payout at maturity will be par plus 125% of the index return.
If a knock-out event does not occur and the index return is less than or equal to zero, the payout will be par.
If a knock-out event occurs, investors will lose 1% for every 1% that the final index level is less than the initial level.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Knock-out notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2.2 million
|
| Maturity: | Jan. 18, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above knock-out buffer level, par plus greater of 125% of index return and zero; otherwise, full exposure to index decline from initial level
|
| Initial index level: | 1,163.42
|
| Knock-out buffer level: | 872.565, 75% of initial level
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 21
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 3%
|
| Cusip: | 22547QG83
|
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