New Issue: Credit Suisse prices $2.78 million knock-out notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., May 25 – Credit Suisse AG, London Branch priced $2.78 million of 0% knock-out notes due June 21, 2017 linked to the Euro Stoxx 50 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 10%.

If a knock-out event has not occurred, the payout at maturity will be par plus 10.1%. If a knock-out event has occurred, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

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:	Euro Stoxx 50
Amount:	$2.78 million
Maturity:	June 21, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If knock-out event has not occurred, par plus 10.1%; if knock-out event has occurred, 1.1111% loss for every 1% that index declines beyond 10%
Knock-out event:	Final index level is less than knock-out level
Initial level:	2,962.16
Final index level:	Average of index’s closing levels on five trading days ending June 16, 2017
Knock-out level:	2,665.944, 90% of initial level
Pricing date:	May 20
Settlement date:	May 25
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.04%
Cusip:	22548Q6S9

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