New Issue: Credit Suisse prices $2.45 million knock-out notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Aug. 30 – Credit Suisse AG, London Branch priced $2.45 million of 0% knock-out notes due Nov. 29, 2017 linked to the S&P 500 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 index level by more than 15%.

If a knock-out has not occurred, the payout at maturity will be par plus 8.5%. If a knock-out event has occurred, investors will lose 1% for every 1% that the final index level is below the initial index level.

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:	S&P 500
Amount:	$2,451,000
Maturity:	Nov. 29, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8.5% unless final index level is less than initial index level by more than 15%, in which case 1% loss for every 1% that final index level is below initial index level
Initial level:	2,169.04
Final index level: Average of index’s closing levels on five trading days ending Nov. 24, 2017
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.12%
Cusip:	22548QF42

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