New Issue: Credit Suisse sells $693,000 dual directional capped knock-out notes on S&P

By Kiku Steinfeld

Chicago, June 15 – Credit Suisse AG, London Branch, priced $693,000 of 0% dual directional capped knock-out notes due Dec. 14, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus the gain, up to a maximum payout of 7%.

If the index falls but finishes at or above the 81% knock-out level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

JPMS LLC, and JPMorgan Chase Bank, NA is the placement agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional capped knock-out notes
Underlying index:	S&P 500 index
Amount:	$693,000
Maturity:	Dec. 14, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, capped at 7%; if index declines by 19% or less, par plus absolute value of return; otherwise, full exposure to any losses
Initial level:	4594.62
Knock-out level:	3721.64, 81% of initial index level
Pricing date:	Nov. 26, 2021
Settlement date:	Dec. 1, 2021
Placement agent:	JPMS LLC, and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22553P5Y1

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