New Issue: Credit Suisse prices $793,000 11.25% reverse convertibles on Expedia

By Marisa Wong

Madison, Wis., April 19 - Credit Suisse AG, Nassau Branch priced $793,000 of 11.25% annualized reverse convertible securities due Oct. 22, 2013 linked to the common stock of Expedia, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par in cash unless Expedia shares fall to or below the knock-in price, 75% of the initial price, on any day during the life of the notes and finish below the initial price in which case the payout will be a number of Expedia shares equal to $1,000 divided by the initial price.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Reverse convertible securities
Underlying stock:	Expedia, Inc. (Nasdaq: EXPE)
Amount:	$793,000
Maturity:	Oct. 22, 2013
Coupon:	11.25%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Expedia shares fall to or below knock-in price during life of notes and finish below initial price, in which case 16.1917 shares of Expedia stock
Initial price:	$61.76
Knock-in price:	$46.32, 75% of initial price
Pricing date:	April 17
Settlement date:	April 22
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22546T5H0

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