New Issue: Credit Suisse prices $1 million capped knock-out notes on S&P Regional Banks

By Wendy Van Sickle

Columbus, Ohio, Aug. 23 – Credit Suisse AG, London Branch priced $1 million of 0% capped knock-out notes due Sept. 5, 2019 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the final index level is less than the initial level by more than the knock-out buffer amount, 18.75%.

If a knock-out event has not occurred, the payout at maturity will be par plus the index return, subject to a minimum payout of par and a maximum return of 15%. If a knock-out event has occurred, 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 placement agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped knock-out notes
Underlying index:	S&P Regional Banks Select Industry
Amount:	$1 million
Maturity:	Sept. 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 81.25% of initial index level, par plus index return, subject to minimum payout of par and maximum return of 15%; otherwise, 1% loss for every 1% that final index level is less than initial index level
Initial index level:	1,990.41
Knock-out buffer:	1,617.21, 81.25% of initial level
Final index level:	Average of index’s closing levels on five trading days ending Aug. 30, 2019
Pricing date:	Aug. 20
Settlement date:	Aug. 23
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22551L4Y3

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