New Issue: Credit Suisse prices $10.35 million knock-out notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 19 – Credit Suisse AG, London Branch priced $10.35 million of 0% knock-out notes due July 18, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be plus any gain in the index. If the index falls by up to 20%, the payout will be par. Otherwise, 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.

Issuer:	Credit Suisse AG, London Branch
Issue:	Knock-out notes
Underlying index:	S&P 500
Amount:	$10,345,000
Maturity:	July 18, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 20%; otherwise, 1% loss for every 1% that index declines from initial level
Initial index level:	2,274.64
Final index level: Average of index’s closing levels on five trading days ending July 13, 2018
Pricing date:	Jan. 13
Settlement date:	Jan. 19
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22548QSS5

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