New Issue: Credit Suisse prices $15 million one-year Stars linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., July 2 - Credit Suisse AG, Nassau Branch priced $15 million of 0% Strategic Accelerated Redemption Securities due July 14, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above its initial level on one of three observation dates, the notes will be called at par of $10 plus an annualized call premium of 4.86%. The observation dates are Dec. 20, 2013, March 21, 2014 and July 7, 2014.

If the notes are not called, the payout at maturity will be par plus the index return. Investors will be fully exposed to any losses.

BofA Merrill Lynch is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$15,001,660
Maturity:	July 14, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If notes are not called, par plus index return, with full exposure to losses
Call:	At par plus 4.86% per year if index closes at or above initial level on any of three observation dates (Dec. 20, 2013, March 21, 2014 and July 7, 2014)
Initial level:	1,613.2
Pricing date:	June 27
Settlement date:	July 5
Underwriter:	BofA Merrill Lynch
Fees:	1.25%
Cusip:	22539T688

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