New Issue: Credit Suisse prices $1.8 million CS global basket notes tied to eight commodities

By Toni Weeks

San Diego, April 26 - Credit Suisse AG, Nassau Branch priced $1.8 million CS global basket notes due April 27, 2015 linked to a basket of commodities, according to a 424B8 filing with the Securities and Exchange Commission.

The basket includes equal weights of copper, sugar, Brent crude oil, corn, nickel, cotton, soybeans and silver.

The notes will pay a coupon each year equal to the sum of the weighted components returns of the basket commodities, subject to a floor of zero. If a basket commodity's return is positive or flat, its component return will be the lesser of the return and a component return cap of 16%. If a basket commodity's return is negative, its component return will be the greater of the commodity return and negative 25%.

The payout at maturity is par.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	CS global basket notes
Underlying basket:	Copper, sugar, Brent crude oil, corn, nickel, cotton, soybeans and silver; equally weighted
Amount:	$1.8 million
Maturity:	April 27, 2015
Coupon:	Equal to the sum of weighted basket component returns, with overall floor of zero; each commodity has floor of negative 25% and cap of 16%
Price:	Par
Payout:	Par
Initial prices:	$9,611 for copper, 25.48 cents for sugar, $123.99 for Brent crude oil, 737.25 cents for corn, $26,655 for nickel, 186.67 cents for cotton, 1,380.5 cents for soybeans, $4,626 for silver
Pricing date:	April 21
Settlement date:	April 28
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	3.5%
Cusip:	22546E4S0

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