New Issue: Credit Suisse sells $170,000 10% callable yield notes on S&P 500, Gold Miners ETF

By Susanna Moon

Chicago, Oct. 27 - Credit Suisse AG, Nassau Branch priced $170,000 of 10% annualized callable yield notes due Oct. 31, 2011 based on the S&P 500 index and Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless the index or fund falls to or below its knock-in level - 75% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worse performing component, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	S&P 500, Market Vectors Gold Miners ETF
Amount:	$170,000
Maturity:	Oct. 31, 2011
Coupon:	10%, payable quarterly
Price:	Par
Payout at maturity:	If index or fund falls to or below its knock-in level during the life of the notes, par plus the return of the worse performing component, capped at par; otherwise, par
Call option:	At par on any interest payment date
Initial levels:	1,185.64 for S&P; $55.79 for Gold Miners
Knock-in levels:	889.23 for S&P and $41.8425 for Gold Miners; 75% of initial levels
Pricing date:	Oct. 26
Settlement date:	Oct. 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22546EA87

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