New Issue: Credit Suisse sells $330,000 knock-out notes on Regional Banking ETF

By Marisa Wong

Morgantown, W.Va., Jan. 3 – Credit Suisse AG, London Branch priced $330,000 of 0% capped knock-out notes due Jan. 9, 2019 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange.

The payout at maturity will be par plus any fund gain, capped at 22.65%.

If the fund finishes flat or falls by up to 15%, the payout will be par.

If the fund falls by more than 15%, investors will be fully exposed to the ETF’s decline.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped knock-out notes
Underlying ETF:	SPDR S&P Regional Banking ETF
Amount:	$330,000
Maturity:	Jan. 9, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any fund gain, capped at 22.65%; par if the fund finishes flat or falls by up to 15%; otherwise, full exposure to the ETF’s decline
Initial share price:	$59.95
Final share price:	Average of ETF’s closing share prices on five trading days ending Jan. 4, 2019
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550W2L0

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