New Issue: Credit Suisse prices $516,000 buffered lock-in securities linked to Dow

By Marisa Wong

Madison, Wis., July 31 - Credit Suisse AG, Nassau Branch prices $516,000 of 0% buffered lock-in securities due July 31, 2018 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

A lock-in event will occur if the index's closing level is greater than the initial index level by at least one of the lock-in levels on any of the four annual observation dates. The lock-in level will be 20% if the index level has increased by at least 20% but less than 30%, 30% if the index level has increased by at least 30% but less than 40%, 40% if the index level has increased by at least 40% but less than 50% and 50% if the index level has increased by at least 50%.

If a lock-in event occurs, the payout at maturity will be par plus the greater of the index return and the highest lock-in level achieved.

If no lock-in event occurs, the payout at maturity will be par plus any gain in the index. Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% that it declines beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Buffered lock-in securities
Underlying index:	Dow Jones industrial average
Amount:	$516,000
Maturity:	July 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If lock-in event occurs, par plus greater of index return and highest lock-in level achieved; if no lock-in event occurs, par plus any gain in index, par if index falls by up to 15% or 1% loss for every 1% that index declines beyond 15%
Lock-in event:	Index's closing level is greater than initial index level by at least one of lock-in levels on July 29, 2014, July 29, 2015, July 29, 2016 or July 28, 2017; lock-in level will be 20% if index level has increased by at least 20% but less than 30%, 30% if index level has increased by at least 30% but less than 40%, 40% if index level has increased by at least 40% but less than 50% and 50% if index level has increased by at least 50%
Initial index level:	15,521.97
Pricing date:	July 29
Settlement date:	July 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3%
Cusip:	22547Q5W2

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