New Issue: Credit Suisse prices $3.32 million knock-out notes linked to S&P 500

By Susanna Moon

Chicago, March 25 - Credit Suisse AG, London Branch priced $3.32 million of 0% knock-out notes due Sept. 23, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the index level closes down by more than the 21% knock-out buffer amount on any day during the life of the notes.

If a knock-out event has not occurred, the payout at maturity will be par plus the greater of any index gain and zero.

Otherwise, investors will receive par plus the 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:	Knock-out notes
Underlying index:	S&P 500
Amount:	$3,321,000
Maturity:	Sept. 23, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index never dips below knock-in level, par plus greater of any index gain and zero; otherwise, par plus return with full exposure to losses
Initial level:	1,866.52
Knock-in level:	1,474.5508, 79% of initial level
Pricing date:	March 21
Settlement date:	March 26
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22547QKT2

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