New Issue: Credit Suisse prices $2.67 million knock-out notes linked to Russell

By Angela McDaniels

Tacoma, Wash., Dec. 16 – Credit Suisse AG, London Branch priced $2.67 million of 0% knock-out notes due March 14, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the final index level is less than the initial level by more than 15%.

If a knock-out event has not occurred, the payout at maturity will be par plus 10.76%. If a knock-out event has occurred, investors will lose 1% for every 1% that the final index level is less than the initial index level.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Knock-out notes
Underlying index:	Russell 2000
Amount:	$2.67 million
Maturity:	March 14, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 85% of initial index level, par plus 10.76%; otherwise, 1% loss for every 1% that index declines from initial level
Initial index level:	1,388.073
Final index level: Average of index’s closing levels on five trading days ending March 9, 2018
Pricing date:	Dec. 9
Settlement date:	Dec. 14
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.12%
Cusip:	22548QQJ7

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