New Issue: Credit Suisse prices $500,000 knock-out notes on Broadcom

By Wendy Van Sickle

Columbus, Ohio, March 21 – Credit Suisse AG, London Branch priced $500,000 of 0% knock-out notes due April 3, 2019 linked to the ordinary shares of Broadcom Ltd., 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 knock-out level, 70% of the initial share price.

If a knock-out event has not occurred, the payout at maturity will be par plus the fixed payment percentage of 10%. If knock-out event has occurred, investors will lose 1% for each 1% decline.

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:	Broadcom Ltd.
Amount:	$500,000
Maturity:	April 3, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10% unless stock finishes below knock-out level, in which case investors will lose 1% for each 1% decline
Initial price:	$254.87
Knock-out price:	$178.41, 70% of initial price
Final price:	Average of closing share prices on five trading days ending March 29, 2019
Pricing date:	March 19
Settlement date:	March 22
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550WL70

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