New Issue: Credit Suisse prices $845,000 knock-out notes due 2019 linked to S&P

By Sarah Lizee

Olympia, Wash., Sept. 11 – Credit Suisse AG, London Branch priced $845,000 of 0% knock-out notes due Dec. 11, 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 8.05%.

If the index falls by more than 15%, investors will be fully exposed to any losses.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Knock-out notes
Underlying index:	S&P 500
Amount:	$845,000
Maturity:	Dec. 11, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 15%, par plus 8.05%; otherwise, 1% loss for each 1% index decline
Initial level:	2,871.68
Knock-out level:	2,440.93, 85% of initial level
Pricing date:	Sept. 7
Settlement date:	Sept. 12
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.22%
Cusip:	22551LAV2

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