New Issue: Credit Suisse prices $2.37 million knock-out notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 7 – Credit Suisse AG, London Branch priced $2.37 million of 0% knock-out notes due June 16, 2017 linked to the S&P 500 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 23.1%.

If a knock-out event has not occurred, the payout at maturity will be par plus 5%. 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:	S&P 500
Amount:	$2.37 million
Maturity:	June 16, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If knock-out event has not occurred, par plus 5%; if knock-out event has occurred, 1% loss for every 1% that final index level is less than initial index level
Knock-out event:	Final index level is less than knock-out level
Initial level:	2,099.06
Final index level:	Average of index’s closing levels on five trading days ending June 13, 2017
Knock-out level:	1,614.18, 76.9% of initial level
Pricing date:	May 27
Settlement date:	June 2
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22548QAF2

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