New Issue: Credit Suisse prices $600,000 knock-out notes linked to Weatherford

By Susanna Moon

Chicago, Oct. 21 – Credit Suisse AG, London Branch priced $600,000 of 0% knock-out notes due Nov. 4, 2015 linked to the Weatherford International plc shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Weatherford stock finishes at or above the 67.5% knock-out level, the payout at maturity will be the fixed payment percentage of 10%.

Otherwise, investors will receive par plus the stock return with full exposure to losses.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Knock-out notes
Underlying stock:	Weatherford International plc (Symbol: WFT)
Amount:	$600,000
Maturity:	Nov. 4, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above knock-in level, par plus 10%; otherwise, par plus return with full exposure to losses
Initial level:	$16.39
Knock-in level:	$11.0633, 67.5% of initial level
Pricing date:	Oct. 17
Settlement date:	Oct. 21
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22547QUZ7

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