New Issue: Credit Suisse sells $3.19 million knock-out notes due 2019 tied to S&P

By Tali Rackner

Minneapolis, May 10 – Credit Suisse AG, London Branch priced $3.19 million of 0% knock-out notes due July 24, 2019 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 85% knock-out level, the payout at maturity will be par plus 9.4%.

If the index falls by more than the 15%, 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:	$3.19 million
Maturity:	July 24, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 15%, par plus 9.4%; otherwise, 1% loss for each 1% index decline
Initial level:	2,670.14
Knock-out level:	2,269.62, 85% of initial level
Pricing date:	April 20
Settlement date:	April 26
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.12%
Cusip:	22550WQA8

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