New Issue: Credit Suisse prices $500,000 knock-out notes linked to ConocoPhillips

By Angela McDaniels

Tacoma, Wash., June 1 - Credit Suisse AG, Nassau Branch priced $500,000 of 0% knock-out notes due Nov. 30, 2012 linked to the common stock of ConocoPhillips, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of ConocoPhillips stock is less than the initial share price by more than 27%, the payout at maturity will be par plus the stock return. Otherwise, the payout will be par plus the stock return, subject to a minimum payout of par.

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

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Knock-out notes
Underlying stock:	ConocoPhillips (NYSE: COP)
Amount:	$500,000
Maturity:	Nov. 30, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If ConocoPhillips finishes below 73% of initial share price, par plus stock return; otherwise, par plus greater of stock return and zero
Initial share price:	$72.64
Pricing date:	May 27
Settlement date:	June 2
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22546TAE1

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