New Issue: Credit Suisse prices $1.03 million buffered return enhanced notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 29 – Credit Suisse AG, London Branch priced $1.03 million of 0% buffered return enhanced notes due Nov. 8, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, subject to a maximum return of 10.5%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$1,025,000
Maturity:	Nov. 8, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.5 times any index gain, return capped at 10.5%; par if the index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
Initial level:	2,164.69
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.04%
Cusip:	22548QJ30

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