New Issue: Credit Suisse prices $502,000 8% callable yield notes tied to silver trust, gold fund

By Angela McDaniels

Tacoma, Wash., April 19 - Credit Suisse AG, Nassau Branch priced $502,000 of 8% callable yield notes due April 20, 2012 linked to the iShares Silver Trust and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

Beginning Oct. 20, the notes are callable at par on any interest payment date.

The payout at maturity will be par unless either fund falls to or below its knock-in level - 65% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing fund, 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 funds:	iShares Silver Trust, Market Vectors Gold Miners exchange-traded fund
Amount:	$502,000
Maturity:	April 20, 2012
Coupon:	8%, payable quarterly
Price:	Par
Payout at maturity:	If either fund falls to or below knock-in level during life of notes, par plus return of worst-performing component, capped at par; otherwise, par
Initial levels:	$41.86 for Silver Trust and $61.51 for Market Vectors Gold Miners
Knock-in levels:	$27.2090 for Silver Trust and $39.9815 for Market Vectors Gold Miners; 65% of initial levels
Call option:	At par on any interest payment date from Oct. 20 onward
Pricing date:	April 15
Settlement date:	April 20
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22546E3F9

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