New Issue: Credit Suisse prices $17.12 million knock-out notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., March 22 - Credit Suisse AG, Nassau Branch priced $17.12 million of 0% index knock-out notes due Sept. 24, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index's closing level declines by more than 27.75% during the life of the notes, the payout at maturity will be par plus the index return, which could be positive or negative. Otherwise, the payout will be par plus the greater of the index return and zero.

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

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Index knock-out notes
Underlying index:	S&P 500
Amount:	$17,124,000
Maturity:	Sept. 24, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index return if index declines by more than 27.75% during life of notes; otherwise, par plus greater of index return and zero
Initial index level:	1,279.21
Pricing date:	March 18
Settlement date:	March 23
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	22546E2U7

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