New Issue: Credit Suisse prices $3 million capped knock-out notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 13 - Credit Suisse AG, Nassau Branch priced $3 million of 0% capped knock-out notes due Feb. 14, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 79.5% of the initial index level, the payout at maturity will be par plus the index return, subject to a minimum payout of par.

If the final index level is less than 79.5% of the initial index level, investors will be fully exposed to the index's decline from its initial index level.

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

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Capped knock-out notes
Underlying index:	S&P 500
Amount:	$3 million
Maturity:	Feb. 14, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to knock-out level, par plus greater of index return and zero; otherwise, full exposure to index's decline
Initial index level:	1,402.80
Knock-out level:	1,115.226, 79.5% of initial index level
Pricing date:	Aug. 9
Settlement date:	Aug. 14
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22546TXU0

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