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Published on 4/25/2011 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $2.78 million of 0% Bares linked to S&P 500

By Jennifer Chiou

New York, April 25 - Credit Suisse AG, Nassau Branch priced $2.78 million of 0% Buffered Accelerated Return Equity Securities due April 28, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus the greater of the index gain and 20.5%.

Investors will receive par for losses up to 10% and will share in any losses beyond the buffer.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:Credit Suisse AG, Nassau Branch
Issue:Buffered Accelerated Return Equity Securities
Underlying index:S&P 500
Amount:$2,781,000
Maturity:April 28, 2015
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than initial level, par plus greater of 20.5% and index return; par for losses up to 10%; investors share in losses beyond 10%
Initial index level:1,337.38
Pricing date:April 21
Settlement date:April 28
Underwriter:Credit Suisse Securities (USA) LLC
Fees:2.75%
Cusip:22546E4E1

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