New Issue: Credit Suisse prices $2.28 million 9.7% reverse convertibles linked to Honda Motor

By Marisa Wong

Milwaukee, March 3 - Credit Suisse AG, Nassau Branch priced $2.277 million of 9.7% reverse convertible securities due March 7, 2011 linked to Honda Motor Co., Ltd. shares, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Honda Motor shares fall below the knock-in price of $27.90, 80% of the initial price of $34.87, during the life of the notes and finish below the initial price, in which case the payout will be 28.6779 shares of Honda Motor stock.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Reverse convertible securities
Underlying stock:	Honda Motor Co., Ltd. (Symbol: HMC)
Amount:	$2.277 million
Maturity:	March 7, 2011
Coupon:	9.7%, payable quarterly
Price:	Par
Payout at maturity:	Par in cash unless Honda Motor shares fall below the knock-in price of $27.90, 80% of the initial price, and finish below the initial price, in which case 28.6779 shares of Honda Motor stock
Initial price:	$34.87
Knock-in price:	$27.90, 80% of $34.87
Exchange ratio:	28.6779
Pricing date:	March 2
Settlement date:	March 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22542DEL0

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