New Issue: Credit Suisse prices $4.83 million knock-out notes linked to regional banking ETF

By Angela McDaniels

Tacoma, Wash., Sept. 26 – Credit Suisse AG, London Branch priced $4.83 million of 0% knock-out notes due Oct. 10, 2018 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the final share price is less than the initial share price by more than 15%.

If a knock-out event has not occurred, the payout at maturity will be par plus 9%. If a knock-out event has occurred, investors will lose 1% for every 1% that the final share price is less than the initial share price.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Knock-out notes
Underlying ETF:	SPDR S&P Regional Banking ETF
Amount:	$4,827,000
Maturity:	Oct. 10, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is $46.24 or greater, par plus 9%; otherwise, 1% loss for every 1% that ETF declines from initial share price
Initial share price:	$54.40
Final share price:	Average of ETF’s closing share prices on five trading days ending Oct. 5, 2018
Pricing date:	Sept. 22
Settlement date:	Sept. 27
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550BJ46

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