New Issue: Credit Suisse prices $1 million knock-out notes linked to S&P 500

By Jennifer Chiou

New York, Jan. 14 – Credit Suisse AG, London Branch priced $1 million of 0% knock-out notes due Jan. 18, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the final level of the index is less than the initial level by more than the 30%/

If a knock-out event does not occur, the payout at maturity will be par plus the index return, with a floor of par. If a knock-out event occurs, the payout will be par plus the index 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 index:	S&P 500
Amount:	$1 million
Maturity:	Jan. 18, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 70% of initial level, par plus index return, floor of par; otherwise, par plus index return, with full exposure to losses
Initial index level:	2,028.26
Knock-out buffer amount:	30%
Pricing date:	Jan. 12
Settlement date:	Jan. 15
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	2%
Cusip:	22546V2K1

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