New Issue: Credit Suisse sells $1.08 million dual directional capped knock-out notes on S&P 500

By Tali Rackner

Minneapolis, June 6 – Credit Suisse AG, London Branch priced $1.08 million of 0% dual directional capped knock-out notes due June 5, 2019 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 level, the payout at maturity will be par plus the index return, subject to an upside maximum return of 8%.

If the index finishes flat or falls by up to 14.5%, the payout will be par plus the absolute value of the index return.

If the index falls by more than 14.5%, investors will be fully exposed to the decline.

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

Issuer:	Credit Suisse AG, London Branch
Issue:	Dual directional capped knock-out notes
Underlying index:	S&P 500
Amount:	$1,075,000
Maturity:	June 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, capped at 8%; if index declines by 14.5% or less, par plus absolute value of return; otherwise, full exposure to any losses
Initial level:	2,712.97
Final level:	Average of closing index levels on the five trading days ending May 31, 2019
Pricing date:	May 18
Settlement date:	May 23
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22550WU47

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