New Issue: Credit Suisse prices $310,000 8.3% reverse convertibles on Fluor

New York, June 2 – Credit Suisse AG, London Branch priced $310,000 million of 8.3% reverse convertible securities due May 12, 2016 linked to the common stock of Fluor Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Fluor shares close at or below the knock-in price, 75% of the initial share price, on any trading day during the life of the notes and finish below the initial share price, in which case investors will receive a number of Fluor shares equal to $1,000 divided by the initial share price. Credit Suisse may also pay cash.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Reverse convertible securities
Underlying stock:	Fluor Corp. (Symbol: FLR)
Amount:	$310,000
Maturity:	May 12, 2016
Coupon:	8.3%, payable monthly
Price:	Par
Payout at maturity:	If stock ever closes at or below knock-in price during life of notes and final share price is less than initial share price, Fluor shares equal to par divided by the initial share price or equivalent in cash; otherwise, par
Call:	Non-callable
Initial share price:	$58.63
Knock-in price:	$43.9725, 75% of initial share price
Pricing date:	May 29
Settlement date:	June 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.5%
Cusip:	22546VER3

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