By Jennifer Chiou
New York, Oct. 8 - Credit Suisse AG, London Branch priced $19,975,000 of 0% capped index knock-out notes due Oct. 9, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the final index level is less than the initial level by more than the 40% knock-out buffer amount.
If a knock-out event has not occurred, the payout at maturity will be par plus 160% of any index gain. If the index falls by up to the knock-out buffer, the payout will be par.
Otherwise, investors will be fully exposed to losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Capped index knock-out notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $19,975,000
|
| Maturity: | Oct. 9, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes lower by more than the 40% knock-out buffer amount, exposure to losses; otherwise par plus 160% of any gain
|
| Initial index level: | 2,928.31
|
| Pricing date: | Oct. 4
|
| Settlement date: | Oct. 9
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 3%
|
| Cusip: | 22547QBZ8
|
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