New Issue: Credit Suisse prices $2.51 million knock-out notes linked to S&P 500

By Susanna Moon

Chicago, March 16 – Credit Suisse AG, London Branch priced $2.51 million of 0% knock-out notes due June 13, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold level, the payout at maturity will be $1,074 per $1,000 principal amount.

If the index falls by more than the 15% knock-out buffer, investors will be fully exposed to any losses.

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:	$2,505,000
Maturity:	June 13, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 85% knock-out level, par plus 7.4%; otherwise, 1% loss for each 1% decline
Initial index level:	2372.60
Knock-out buffer: 15%
Pricing date:	March 10
Settlement date:	March 15
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.12%
Cusip:	22548QXF7

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