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Published on 6/13/2013 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $13.5 million Bares linked to S&P 500 index

By Jennifer Chiou

New York, June 13 - Credit Suisse AG, Nassau Branch priced $13.5 million of 0% Buffered Accelerated Return Equity Securities due March 18, 2015 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If the index return is positive or flat, the payout at maturity will be par plus 150% of any gain, capped at 17.25%.

Investors will receive par if the index falls by up to 15% and lose 1.1765% for every 1% decline in the index beyond 15%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:Credit Suisse AG, Nassau Branch
Issue:Buffered Accelerated Return Equity Securities
Underlying index:S&P 500
Amount:$13.5 million
Maturity:March 18, 2015
Coupon:0%
Price:Par
Payout at maturity:If index return is positive or flat, par plus 150% of any gain, capped at 17.25%; par if index falls by up to 15%; 1.1765% loss for every 1% decline in the index beyond 15%
Initial index level:1,636.36
Pricing date:June 13
Settlement date:June 18
Underwriter:Credit Suisse Securities (USA) LLC
Fees:None
Cusip:22547Q4M5

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