Credit Suisse plans knock-out notes due 2018 linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 8 – Credit Suisse AG, London Branch plans to price 0% knock-out notes due March 14, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the final index level is less than the initial index level but has not declined by more than 20.35%, the payout will be par. If the index declines by more than 20.35%, investors will have one-to-exposure to the index’s decline from its initial level. The exact knock-out buffer will be set at pricing.

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

The notes will price Sept. 9.

The Cusip number is 22548QH57.

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