New Issue: Credit Suisse prices $2.28 million knock-out notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 16 – Credit Suisse AG, London Branch priced $2.28 million of 0% knock-out notes due June 13, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the final index level is less than the initial level by more than the knock-out buffer amount, 17.65%.

If a knock-out event has not occurred, the payout at maturity will be par plus the index return, subject to a minimum payout of par. If a knock-out event has occurred, investors will lose 1% for every 1% that the final index level is less than the initial index level.

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:	$2,275,000
Maturity:	June 13, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 82.35% of initial index level, par plus index return, subject to minimum payout of par; otherwise, 1% loss for every 1% that final index level is less than initial index level
Initial index level:	2,259.53
Final index level: Average of index’s closing levels on five trading days ending June 8, 2018
Pricing date:	Dec. 9
Settlement date:	Dec. 14
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22548QQH1

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