Credit Suisse planning to price knock-out notes tied to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Nov. 1 – Credit Suisse AG, London Branch plans to price 0% knock-out notes due May 9, 2018 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 the knock-out buffer amount, which is expected to be 20.1% and will be set at pricing.

If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the index return and zero. 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.

The notes will price Nov. 4.

The Cusip number is 22548QMZ5.

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