New Issue: Credit Suisse prices $1 million digital plus barrier notes linked to Honeywell

By Angela McDaniels

Tacoma, Wash., March 11 – Credit Suisse AG, Nassau Branch priced $1 million of 0% digital plus barrier notes due Sept. 14, 2016 linked to the common stock of Honeywell International Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the knock-in price, 85% of the initial share price, the payout at maturity will be par plus the stock return, subject to a minimum return of 8% and a maximum return of 16.5%. Otherwise, the payout will be a number of Honeywell shares equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.

Barclays is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Digital plus barrier notes
Underlying stock:	Honeywell International Inc. (Symbol: HON)
Amount:	$1 million
Maturity:	Sept. 14, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than or equal to knock-in price, par plus stock return, subject to 8% minimum return and 16.5% maximum return; otherwise, 9.6956 Honeywell shares or, at issuer’s option, amount in cash equal to value of those shares
Initial share price:	$103.14
Knock-in level:	$87.669, 85% of initial share price
Pricing date:	March 10
Settlement date:	March 12
Agent:	Barclays
Fees:	1%
Cusip:	22546V6X9

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