New Issue: Credit Suisse prices $2.95 million dual directional knock-out notes tied to S&P 500

By Susanna Moon

Chicago, June 10 – Credit Suisse AG, London Branch priced $2.95 million of 0% dual directional capped knock-out notes due Dec. 14, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus the gain, up to a maximum return of 14.5%.

If the index falls by up to the 14.5% contingent buffer, the payout will be par plus the absolute value of the index return.

Otherwise, investors will receive par plus the index 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:	Dual directional capped knock-out notes
Underlying index:	S&P 500
Amount:	$2.95 million
Maturity:	Dec. 14, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, capped at 14.5%; if index falls by up to 14.5%, par plus absolute value of return; otherwise, par plus index return, with full exposure to losses
Initial index level:	2092.83
Contingent buffer:	14.5%
Pricing date:	June 5
Settlement date:	June 10
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22546VF50

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