New Issue: Credit Suisse prices $3.58 million capped knock-out notes on Hang Seng

By Susanna Moon

Chicago, Feb. 12 - Credit Suisse AG, Nassau Branch priced $3.58 million of 0% capped knock-out notes due Feb. 26, 2014 linked to the Hang Seng China Enterprises index and the deliverable Chinese Renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

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

A knock-out event occurs if the index finishes below its 80% trigger level.

If a knock-out event does not occur, the payout at maturity will be par plus any gain, up to a maximum return of 19.5% and with a minimum payout of par.

Otherwise, the payout at maturity will be par plus the return, with exposure to any losses.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Capped knock-out notes
Underlying assets:	Hang Seng China Enterprises index and the deliverable Chinese Renminbi relative to the dollar
Amount:	$3,575,000
Maturity:	Feb. 26, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index falls by more than 20%, par plus return with exposure to losses; otherwise, par plus any again, capped at 19.5% and with floor of par
Initial level:	11,649.78
Initial spot rate:	0.16077
Pricing date:	Feb. 8
Settlement date:	Feb. 13
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	22546TY54

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