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Published on 2/11/2014 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $5.45 million Stars linked to S&P 500 index via BofA Merrill Lynch

By Toni Weeks

San Luis Obispo, Calif., Feb. 11 - Credit Suisse AG, London Branch priced $5.45 million of 0% Strategic Accelerated Redemption Securities due Feb. 17, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

BofA Merrill Lynch is the agent.

If the index closes at or above its initial level on any observation date, the notes will be called at par of $10 plus an annualized call premium of 9.32%. The call dates are Aug. 15, 2014, Nov. 14, 2014 and Feb. 9, 2015. If the notes are not called, investors will be fully exposed to losses.

Issuer:Credit Suisse, London Branch
Issue:Strategic Accelerated Redemption Securities
Underlying index:S&P 500
Amount:$5,448,600
Maturity:Feb. 17, 2015
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus index return with full exposure to losses
Call:At par plus 9.32% per year if index closes at or above initial level on Aug. 15, 2014, Nov. 14, 2014 or Feb. 9, 2015
Initial index level:1,797.02
Pricing date:Feb. 7
Settlement date:Feb. 14
Underwriter:BofA Merrill Lynch
Fees:1.25%
Cusip:22545F680

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