New Issue: Credit Suisse sells $520,000 dual directional capped knock-out notes on Stoxx

By Devika Patel

Knoxville, Tenn., Feb. 23 – Credit Suisse AG, London Branch priced $520,000 of 0% dual directional capped knock-out notes due March 8, 2017 linked to the Euro Stoxx 50 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 return of 10%.

If the index falls by up to the 23.25% contingent buffer, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

JPMorgan is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional capped knock-out notes
Underlying index:	Euro Stoxx 50
Amount:	$520,000
Maturity:	March 8, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, capped at 10%; if index declines by 23.25% or less, par plus absolute value of return; otherwise, full exposure to any losses
Initial level:	2,871.05
Contingent buffer:	23.25%
Pricing date:	Feb. 19
Settlement date:	Feb. 24
Agent:	JPMorgan
Fees:	1%
Cusip:	22546VXC5

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