Credit Suisse plans 4% callable yield notes on iShares MSCI EM, EAFE

By Susanna Moon

Chicago, July 29 - Credit Suisse AG, Nassau Branch plans to price 4% callable yield notes due Aug. 31, 2012 linked to the iShares MSCI Emerging Markets index fund and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be automatically redeemed at par if the closing level of each fund is greater than its initial value on an observation date.

The payout at maturity will be par unless either fund closes at or below its knock-in level - 80% of its initial level - on the Aug. 28, 2012 observation date, in which case investors will receive par plus the return of the worst-performing component.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Aug. 26 and settle on Aug. 31.

The Cusip number is 22546TCW9.

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