New Issue: Credit Suisse sells $2.67 million 9% callable yield notes on S&P 500, Russell 2000

By Susanna Moon

Chicago, Aug. 30 - Credit Suisse AG, Nassau Branch priced $2.67 million of 9% callable yield notes due Aug. 31, 2011 based on the performance of the S&P 500 index and the Russell 2000 index, 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 either index falls to or below its knock-in level - 70% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worse performing index, up to a maximum payout of par.

J.P. Morgan Securities Inc. is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$2,668,000
Maturity:	Aug. 31, 2011
Coupon:	9%, payable quarterly
Price:	Par
Payout at maturity:	If either index falls to or below its knock-in level during life of notes, par plus return of worse performing index, up to maximum payout of par; otherwise, par
Call option:	At par on any interest payment date
Initial levels:	1,047.22 for S&P; 599.76 for Russell
Knock-in levels:	733.054 for S&P; 419.832 for Russell; 70% of initial levels
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	J.P. Morgan Securities Inc.
Fees:	2.25%
Cusip:	22546EYB4

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