New Issue: Credit Suisse prices $548,000 8.5% callable yield notes on Russell 2000, gold ETF

By Jennifer Chiou

New York, Nov. 2 - Credit Suisse AG, Nassau Branch priced $548,000 of 8.5% callable yield notes due Nov. 3, 2011 linked to the Russell 2000 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 beginning May 3, 2011.

The payout at maturity will be par unless the index or the fund falls to or below its knock-in level - 60% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worse-performing underlying 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:	Russell 2000, Market Vectors Gold Miners exchange-traded fund
Amount:	$548,000
Maturity:	Nov. 3, 2011
Coupon:	8.5%, 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 underlying component, capped at par; otherwise, par
Call option:	At par on any interest payment date beginning May 3, 2011
Initial levels:	703.35 for Russell; $57.25 for Gold Miners
Knock-in levels:	422.01 for Russell and $34.35 for Gold Miners; 60% of initial levels
Pricing date:	Oct. 29
Settlement date:	Nov. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.5%
Cusip:	22546EZU1

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