New Issue: Credit Suisse prices $2.65 million knock-out notes tied to S&P 500

By Jennifer Chiou

New York, Aug. 22 - Credit Suisse AG, Nassau Branch priced of $2.65 million of 0% index knock-out notes due Feb. 22, 2013 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

A knock-out event occurs if the final index level falls by more than 23% from the initial level.

If a knock-out event occurs, the payout at maturity will be par plus the index return, which could be positive or negative.

If a knock-out event does not occur, the payout will be par plus the greater of the index return and zero.

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

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Index knock-out notes
Underlying index:	S&P 500
Amount:	$2,652,000
Maturity:	Feb. 22, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If index falls by more than 23%, par plus index return with exposure to losses; otherwise, par plus greater of the index return and zero
Initial index level:	1,140.65
Pricing date:	Aug. 18
Settlement date:	Aug. 23
Agents:	J.P. Morgan Securities LLC, JPMorgan Chase Bank, NA
Fees:	None
Cusip:	22546TDQ1

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