New Issue: Credit Suisse prices $1 million digital notes linked to Schlumberger stock

By Susanna Moon

Chicago, Dec. 3 - Credit Suisse AG, Nassau Branch priced $1 million of 0% digital notes due May 29, 2015 linked to Schlumberger NV shares, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above the initial share price, the payout at maturity will be par plus the greater of 7% and any gain, up to an underlying return of 15%.

The payout will be par plus 7% if the stock falls by up to the 80% knock-in level, and investors will be fully exposed to any losses if the stock finishes below the knock-in level.

Barclays is the placement agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Digital notes
Underlying stock:	Schlumberger NV (Symbol: SLB)
Amount:	$1 million
Maturity:	May 29, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If stock gains, par plus return, floor of 7% and gains capped at 15%; par plus 7% if stocks falls by up to knock-in level; otherwise, full exposure to any losses
Initial stock price:	$89.46
Knock-in price:	$71.568, 80% of initial share price
Pricing date:	Nov. 26
Settlement date:	Dec. 2
Agent:	Barclays
Fees:	1%
Cusip:	22547QE28

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