New Issue: Credit Suisse sells $49,000 10.75% callable yield notes on S&P, Market Vectors Gold

By Susanna Moon

Chicago, June 29 - Credit Suisse AG, Nassau Branch priced $49,000 of 10.75% callable yield notes due June 30, 2011 based on the performance of the S&P 500 index and the 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.

The payout at maturity will be par unless either underlying component 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 index or fund, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse, Nassau Branch
Issue:	Callable yield notes
Underlying components:	S&P 500 index and Market Vectors Gold Miners exchange-traded fund
Amount:	$49,000
Maturity:	June 30, 2011
Coupon:	10.75%, payable quarterly
Price:	Par
Payout at maturity:	If either underlying component falls to or below its knock-in level during the life of the notes, par plus the return of the worst-performing index or fund, capped at par; otherwise, par
Call option:	At par on interest payment dates
Initial levels:	1,076.76 for S&P; $54.06 for Market Vectors Gold
Knock-in levels:	699.894 for S&P; $35.139 for Market Vectors Gold; 65% of initial levels
Pricing date:	June 25
Settlement date:	June 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546EWG5

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