New Issue: Credit Suisse sells $5.79 million knock-out notes due 2020 on S&P 500

By Sarah Lizee

Olympia, Wash., Aug. 3 – Credit Suisse AG, London Branch priced $5.79 million of 0% knock-out notes due Jan. 29, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

A knock-out event will occur if the index finishes below its initial level by more than the knock-out buffer amount of 18.15%.

If a knock-out event has not occurred, the payout at maturity will be par plus any gain in the index.

If a knock-out event has occurred, investors will lose 1% for each 1% decline.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Knock-out notes
Underlying index:	S&P 500
Amount:	$5,786,000
Maturity:	Jan. 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If a knock-out event has not occurred, par plus any gain in the index; if a knock-out event has occurred, 1% loss for each 1% decline
Initial level:	2,818.82
Knock-out buffer:	18.15%
Pricing date:	July 27
Settlement date:	July 31
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22550BW90

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