New Issue: JPMorgan prices $2.28 million one-year capped knock-out notes tied to General Motors

By Toni Weeks

San Luis Obispo, Calif., April 8 - Credit Suisse AG, London Branch priced $2.28 million of 0% capped knock-out notes due April 22, 2015 linked to General Motors Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any gain in the share price, subject to a maximum return of 33%. Investors will receive par if the price falls by up to 10% and will be fully exposed to the stock price decline if it falls by more than 10%.

The final share price will be the average of the closing share prices on the five trading days ending April 17, 2015.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped knock-out notes
Underlying stock:	General Motors Co. (NYSE: GM)
Amount:	$2,275,000
Maturity:	April 22, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is positive, par plus 200% of any gain in the share price, subject to a maximum return of 33%; par if price falls by up to 10%; full exposure to stock price decline if it falls by more than 10%
Initial price:	$34.81
Knock-out price:	$31.329, 90% of initial price
Final price:	Average of the closing share prices on the five trading days ending April 17, 2015
Pricing date:	April 4
Settlement date:	April 9
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22547QL53

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