Credit Suisse to price capped knock-out notes linked to Apple

By Jennifer Chiou

New York, Jan. 25 - Credit Suisse AG, Nassau Branch plans to price 0% capped knock-out notes due Feb. 13, 2013 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price of Apple stock is greater than or equal to 80% of the initial share price, the payout at maturity will be par plus the stock return, subject to a minimum return of 6% and a maximum return of 20%. Otherwise, investors will be fully exposed to the decline in the share price.

The notes (Cusip: 22546TLR0) are expected to price on Jan. 27 and settle on Feb. 1.

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

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