New Issue: Credit Suisse sells $990,000 dual directional capped knock-out notes on Stoxx

By Sarah Lizee

Olympia, Wash., Oct. 29 – Credit Suisse AG, London Branch priced $990,000 of 0% dual directional capped knock-out notes due Nov. 14, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus the index return, capped at par plus 15%.

If the index finishes flat or falls by up to 17.35%, the payout will be par plus the absolute value of the index return.

If the index falls by more than 17.35%, investors will be fully exposed to the decline.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional capped knock-out notes
Underlying index:	Euro Stoxx 50 index
Amount:	$990,000
Maturity:	Nov. 14, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, capped at par plus 15%; if index declines by 17.35% or less, par plus absolute value of return; otherwise, full exposure to any losses
Initial level:	3,134.89
Final level:	Average of closing index levels on the five trading days ending Nov. 8, 2019
Pricing date:	Oct. 26
Settlement date:	Oct. 30
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22551LH60

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