New Issue: Credit Suisse sells $10.36 million knock-out notes on three currencies

By Marisa Wong

Madison, Wis., Feb. 14 - Credit Suisse AG, Nassau Branch priced $10.36 million of 0% knock-out notes due Aug. 20, 2013 linked to a basket of three currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes the Canadian dollar, the Mexican peso and the Brazilian real. The basket's level will increase if it appreciates relative to the U.S. dollar.

If the closing level of the basket on Aug. 15, 2013 is less than 80% of the initial basket level, investors will be fully exposed to the percentage decline of the basket. Otherwise, the payout at maturity will be par plus the greater of the basket return and the contingent minimum return of 11.5%.

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

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Knock-out notes
Underlying currencies:	Canadian dollar, Mexican peso and Brazilian real, relative to the U.S. dollar
Amount:	$10,356,000
Maturity:	Aug. 20, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If closing basket level on Aug. 15, 2013 is less than 80% of initial level, full exposure to decline; otherwise, par plus greater of basket return and 11.5%
Initial spot rates:	1/1.00115 for Canadian dollar; 1/12.77295 for peso; 1/1.72675 for real
Pricing date:	Feb. 10
Settlement date:	Feb. 15
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA (placement)
Fees:	1.25%
Cusip:	22546TMY4

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