New Issue: Credit Suisse prices $928,000 knock-out notes linked to S&P 500

By Tali Rackner

Norfolk, Va., Oct. 5 – Credit Suisse AG, London Branch priced $928,000 of 0% knock-out notes due March 28, 2018 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 80.37% threshold level, the payout will be par plus any index gain, with a minimum return of 0%.

If the index falls by more than the 19.63% knock-out buffer, investors will be fully exposed to any losses.

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:	$928,000
Maturity:	March 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain unless final index level is less than initial index level by more than 19.63%, in which case full exposure to losses
Initial index level:	2,164.69
Final index level:	Average of index’s closing levels on five trading days ending March 23, 2018
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22548QJ63

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