New Issue: Credit Suisse prices $1.31 million 7% reverse convertibles linked to Caterpillar

By Susanna Moon

Chicago, April 21 - Credit Suisse AG, Nassau Branch priced $1.31 million of 7% reverse convertible securities due April 30, 2012 linked to Caterpillar Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless Caterpillar stock falls below the knock-in price - 80% of the initial price - during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of shares equal to $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Reverse convertible securities
Underlying stock:	Caterpillar Inc. (NYSE: CAT)
Amount:	$1,305,000
Maturity:	April 30, 2012
Coupon:	7%, payable quarterly
Price:	Par
Payout at maturity:	If Caterpillar stock falls below knock-in price during life of notes and finishes below initial price, 9.2353 Caterpillar shares per $1,000 note; otherwise, par
Initial stock price:	$108.28
Knock-in price:	$86.624, or 80% of initial price
Pricing date:	April 20
Settlement date:	April 28
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.5%
Cusip:	22546E4Z4

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