New Issue: Credit Suisse prices $1.05 million capped knock-out notes on Hang Seng

By Jennifer Chiou

New York, March 12 - Credit Suisse AG, Nassau Branch priced $1,045,000 of 0% capped knock-out notes due March 26, 2014 linked to the Hang Seng China Enterprises index and the deliverable Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

A knock-out event occurs if the index finishes below its 80% trigger level.

If a knock-out event does not occur, the payout at maturity will be par plus any gain, up to a maximum return of 20% and with a minimum payout of par.

Otherwise, investors will have exposure to any losses.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Capped knock-out notes
Underlying assets:	Hang Seng China Enterprises index and the deliverable Chinese renminbi relative to the dollar
Amount:	$1,045,000
Maturity:	March 26, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index falls by more than 20%, par plus return with exposure to losses; otherwise, par plus any again, capped at 20% and with floor of par
Initial level:	11,484.35
Initial spot rate:	0.16116
Pricing date:	March 8
Settlement date:	March 13
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	22546T3Q2

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