Credit Suisse to price capped knock-out notes linked to Wells Fargo

By Toni Weeks

San Diego, Aug. 7 - Credit Suisse AG, Nassau Branch plans to price 0% capped knock-out notes due Aug. 28, 2013 linked to the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the share price falls by more than the knock-out buffer - expected to be 30% - from the initial level on the Aug. 23, 2013 valuation date.

If a knock-out event does not occur, the payout at maturity will be par plus the contingent minimum return, which is expected to be 7.55%.

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

The exact terms will be set at pricing.

The notes (Cusip: 22546TXT3) will price Aug. 10 and settle Aug. 15.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as agents.

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