New Issue: Credit Suisse sells $7.07 million knock-out notes tied to S&P

By Susanna Moon

Chicago, April 26 – Credit Suisse AG, London Branch priced $7.07 million of 0% knock-out notes due July 17, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% knock-out level, the payout at maturity will be par plus 10%.

If the index falls by more than the 15%, 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 index:	S&P 500
Amount:	$7.07 million
Maturity:	July 17, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10% unless index falls by more than 15%, in which case 1% loss for each 1% index decline
Initial level:	2,656.30
Knock-out level:	2,257.86, 85% of initial level
Pricing date:	April 13
Settlement date:	April 18
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.12%
Cusip:	22550WPL5

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