Credit Suisse plans knock-out notes due 2017 linked to S&P 500

By Susanna Moon

Chicago, Sept. 20 – Credit Suisse AG, London Branch plans to price 0% knock-out notes due Dec. 28, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold level, the payout will be $1,087.50 per $1,000 principal amount of notes.

If the index falls by more than the 15% contingent buffer, investors will be fully exposed to any losses.

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

The notes will price on Sept. 23 and settle on Sept. 28.

The Cusip number is 22548QJ55.

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