By Susanna Moon
Chicago, Sept. 10 – Credit Suisse AG, London Branch priced $1.8 million of 0% capped knock-out notes due Sept. 21, 2016 linked to Walt Disney Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any stock gain, up to a maximum return of 19.25%.
If the stock falls by up to the 80% knock-out level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Capped knock-out notes
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| Underlying stock: | Walt Disney Co. (Symbol: DIS)
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| Amount: | $1.8 million
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| Maturity: | Sept. 21, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus stock return, capped at 19.25%; if stock falls by up to knock-out price, par; otherwise, full exposure to any losses
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| Initial share price: | $100.97
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| Knock-out price: | 80% of initial level
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| Pricing date: | Sept. 4
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| Settlement date: | Sept. 10
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| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 22546VLQ7
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