New Issue: Credit Suisse prices $6.88 million capped knock-out notes on Dow Chemical via JPMorgan

By Jennifer Chiou

New York, June 21 - Credit Suisse AG, Nassau Branch priced $6.88 million of 0% capped knock-out notes due July 5, 2012 linked to Dow Chemical Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Dow Chemical stock falls by more than 30% during the life of the notes, the payout at maturity will be par plus the stock return, with exposure to any losses.

Otherwise, the payout will be par plus the greater of the stock return and a contingent minimum return of 11%.

In either case, the return is capped at 20%.

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

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Capped knock-out notes
Underlying stock:	Dow Chemical Co. (NYSE: DOW)
Amount:	$6,877,000
Maturity:	July 5, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If stock ever dips by more than 30%, par plus stock return, with exposure to losses; otherwise, par plus greater of stock return and 11%; in either case, return capped at 20%
Initial price:	$34.59
Pricing date:	June 17
Settlement date:	June 22
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	22546TAR2

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