New Issue: Credit Suisse sells $1.38 million one-year review notes tied to S&P 500

By Susanna Moon

Chicago, April 26 – Credit Suisse AG, London Branch priced $1.38 million of 0% review notes due May 1, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 12.2% if the index closes at or above its initial level on any quarterly review date.

If the notes are not called, the payout at maturity will be par unless the index finishes below 80% knock-out level, in which case investors will be fully exposed to the decline.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Review notes
Underlying index:	S&P 500
Amount:	$1,375,000
Maturity:	May 1, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless index falls by more than 20%, in which case 1% loss for each 1% decline
Call:	At par plus 12.2% annualized if index closes at or above initial level on any quarterly review date
Initial level:	2,656.30
Knock-out level:	2,125.04, 80% of initial level
Pricing date:	April 13
Settlement date:	April 18
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550WPM3

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