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Published on 3/18/2011 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $4.35 million of Cert PLUS notes on Euro Stoxx 50

By Toni Weeks

San Diego, March 18 - Credit Suisse AG, Nassau Branch priced $4.35 million of 0% Cert PLUS securities due March 21, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par times a participation rate of 165%.

If the index finishes below the initial level, the payout at maturity will be par if the index never closes at or below the knock-in level, 30% of the initial level. Otherwise, the payout will be par plus the index return.

Credit Suisse Securities (USA) LLC will act as agent.

Issuer:Credit Suisse AG, Nassau Branch
Issue:Cert PLUS securities
Underlying index:Euro Stoxx 50
Amount:$4,354,000
Maturity:March 21, 2017
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par times a participation rate of 165%; par if index declines by up to 70%; otherwise, par plus the index return
Initial level:2721.24
Knock-in level:816.37, 30% of initial
Pricing date:March 16
Settlement date:March 21
Agent:Credit Suisse Securities (USA) LLC
Fees:3.5%
Cusip:22546E2N3

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