New Issue: Credit Suisse prices $2.92 million 6.25% callable yield notes on S&P 500, Russell

By Marisa Wong

Madison, Wis., Dec. 27 - Credit Suisse AG, Nassau Branch sells $2.92 million of 6.25% callable yield notes due Dec. 30, 2011 linked to 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 payout at maturity will be par unless either index 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 index, up to a maximum payout of par.

The notes are callable at par on any interest payment date beginning on March 30, 2011.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$2,924,000
Maturity:	Dec. 30, 2011
Coupon:	6.25%, payable quarterly
Price:	Par
Payout at maturity:	If either index falls to or below knock-in level, par plus return of worse-performing index, capped at par; otherwise, par
Call option:	At par on any interest payment date beginning on March 30, 2011
Initial levels:	1,256.77 for S&P; 788.96 for Russell
Knock-in levels:	942.5775 for S&P; 591.72 for Russell; 75% of initial levels
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546EL44

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