New Issue: Credit Suisse prices $260.29 million market-linked step-up notes on Euro Stoxx 50

By Susanna Moon

Chicago, April 28 - Credit Suisse AG, London Branch priced $260.29 million of market-linked step-up notes due June 26, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the step-up value - 112.9% of the initial level - the payout at maturity will be par plus the index gain.

If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 112.9%.

Investors will be exposed to any losses beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Market-linked step-up notes
Underlying index:	Euro Stoxx 50
Amount:	$260,289,790
Maturity:	June 26, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above step-up value, par plus index gain; if index finishes at or below step-up level but at or above initial level, par plus 12.9%; otherwise, exposure to any losses beyond 10%
Initial level:	3,189.81
Step-up value:	3,601.30, 112.9% of initial level
Pricing date:	April 24
Settlement date:	May 1
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	22545F102

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