New Issue: Credit Suisse prices $703,623 call warrants linked to S&P 500

By Marisa Wong

Madison, Wis., Oct. 20 – Credit Suisse AG, Nassau Branch priced $703,623 of call warrants expiring Oct. 20, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The 5,247 warrants have a notional amount of $1,000 each, or $5.25 million in total, and sold for $134.10 each, or 13.41% of the notional amount. The minimum purchase requirement is eight warrants.

The warrants will be automatically exercised on the expiration date. If the index’s final level is greater than the initial index level, the cash settlement amount will be the notional amount per warrant multiplied by the index return. If the index’s final level is equal to or less than the initial index level, the cash settlement amount will be zero.

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

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Call warrants
Underlying index:	S&P 500
Warrants:	5,247
Notional amount:	$1,000 each, or $5,247,000 total
Price:	$134.10 each, or $703,622.70 total
Expiration date:	Oct. 20, 2017
Payout:	If index’s final level is greater than initial index level, notional amount multiplied by index return; if index’s final level is equal to or less than initial index level, zero
Initial index level:	1,886.76
Pricing date:	Oct. 17
Settlement date:	Oct. 21
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	$6.50 per warrant
Cusip:	22547T266

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