New Issue: Credit Suisse sells $300,000 knock-out notes on S&P Regional Banks

By Marisa Wong

Morgantown, W.Va., May 17 – Credit Suisse AG, London Branch priced $300,000 of 0% capped knock-out notes due May 30, 2019 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange.

If the index return is positive, the payout at maturity will be par plus the index gain, subject to a maximum return of 23.3%.

If the index finishes flat or falls by no more than 15%, the payout will be par.

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

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Capped knock-out notes
Underlying index:	S&P Regional Banks Select Industry index
Amount:	$300,000
Maturity:	May 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 23.3%; par if index finishes flat or falls by up to 15%; otherwise, full exposure to index’s decline
Initial level:	1,999.02
Knock-out level:	1,699.17, 85% of initial level
Final level:	Average of index’s closing levels on five trading days ending May 24, 2019
Pricing date:	May 11
Settlement date:	May 16
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550WTT4

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