New Issue: Credit Suisse prices $6.08 million knock-out notes linked to S&P 500

By Toni Weeks

San Diego, Jan. 8 - Credit Suisse AG, Nassau Branch priced $6.08 million of 0% knock-out notes due July 9, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the index falls by more than 29% from the initial level during the life of the notes.

If a knock-out event does not occur, the payout at maturity will be par plus the index return, with a floor of par.

If a knock-out event occurs, the payout at maturity will be par plus the index return, with full exposure to any losses.

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

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Knock-out notes
Underlying index:	S&P 500
Amount:	$6,084,000
Maturity:	July 9, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index falls by more than 29% from initial level during life of notes, par plus index return, with exposure to any losses; otherwise, par plus index return, floor of par
Initial level:	1,466.47
Knock-out buffer:	29% of initial level
Pricing date:	Jan. 4
Settlement date:	Jan. 9
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22546TT35

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