New Issue: Credit Suisse sells $4.15 million knock-out notes due 2019 tied to S&P

By Susanna Moon

Chicago, April 26 – Credit Suisse AG, London Branch priced $4.15 million of 0% knock-out notes due Oct. 17, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 82.75% knock-out level, the payout at maturity will be par plus the greater of any gain and zero.

If the index falls by more than the 17.25%, investors will be fully exposed to any losses.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Knock-out notes
Underlying index:	S&P 500
Amount:	$4,146,000
Maturity:	Oct. 17, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 17.25%, par plus greater of return and 0; otherwise, 1% loss for each 1% index decline
Initial level:	2,656.30
Knock-out level:	2,198.09, 82.75% of initial level
Pricing date:	April 13
Settlement date:	April 18
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22550WPJ0

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