Credit Suisse plans to price knock-out notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., May 17 – Credit Suisse AG, London Branch plans to price 0% knock-out notes due Aug. 30, 2017 linked to the S&P 500 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, which is expected to be 15%.

If a knock-out event has not occurred, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 9.2%.If a knock-out event has occurred, investors will lose 1% for every 1% that the index’s final level is less than its initial level.

The exact knock-out buffer amount and fixed payment percentage will be set at pricing.

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

The notes will price May 20.

The Cusip number is 22548Q6T7.

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