New Issue: Credit Suisse sells $705,000 knock-out notes on Regional Banking ETF

By Marisa Wong

Morgantown, W.Va., June 12 – Credit Suisse AG, London Branch priced $705,000 of 0% knock-out notes due June 13, 2018 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above 85% of its initial level, the payout at maturity will be par plus 10%.

If the fund falls by more than the 15% knock-out buffer, 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 fund:	SPDR S&P Regional Banking ETF
Amount:	$705,000
Maturity:	June 13, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If fund finishes at or above 85% knock-out level, par plus 10%; otherwise, 1% loss for each 1% decline
Initial price:	$52.84
Knock-out buffer:	15%
Pricing date:	May 26
Settlement date:	June 1
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550B5N9

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