New Issue: Credit Suisse prices $870,000 knock-out notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 7 – Credit Suisse AG, London Branch priced $870,000 of 0% knock-out notes due March 7, 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 index level by more than 15%.

If a knock-out event has not occurred, the payout at maturity will be par plus 8.2%. If a knock-out event has occurred, investors will lose 1% for every 1% that the final index level is below 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:	$870,000
Maturity:	March 7, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is less than initial index level by more than 15%, 1% loss for every 1% that final index level is below initial index level; otherwise, par plus 8.2%
Initial index level:	2,191.95
Final index level: Average of index’s closing levels on five trading days ending March 2, 2018
Pricing date:	Dec. 2
Settlement date:	Dec. 7
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.12%
Cusip:	22548QPU3

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