New Issue: Credit Suisse prices $615,000 ARES linked to iShares MSCI Korea, China ETFs

By Angela McDaniels

Tacoma, Wash., May 9 - Credit Suisse AG, Nassau Branch priced $615,000 of 0% Accelerated Return Equity Securities due June 11, 2012 linked to the iShares MSCI South Korea index fund and the iShares FTSE/Xinhua China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be based on the return of the worst-performing exchange-traded fund. If the return is positive, the payout will be par plus 160% of the gain. If the return is negative, investors will be fully exposed to the decline.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Accelerated Return Equity Securities
Underlying ETFs:	iShares MSCI South Korea index fund and iShares FTSE/Xinhua China 25 index fund
Amount:	$615,000
Maturity:	June 11, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 160% of return of worst-performing ETF if its return is positive; par plus return of worst-performing ETF if its return is negative
Initial share prices:	$66.17 for Korea fund and $43.49 for China fund
Pricing date:	May 5
Settlement date:	May 10
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1%
Cusip:	22546E4Y7

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