Credit Suisse plans 10%-11% callable yield notes linked to Russell 2000, Market Vectors Gold ETF

By Angela McDaniels

Tacoma, Wash., June 29 - Credit Suisse AG, Nassau Branch plans to price callable yield notes due Aug. 3, 2012 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will carry a coupon of 10% to 11% per year, payable quarterly.

The payout at maturity will be par unless either component 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 worst-performing component, up to a maximum payout of par.

The notes are callable at par on any interest payment date.

The notes (Cusip: 22546TAZ4) are expected to price July 29 and settle Aug. 3.

Credit Suisse Securities (USA) LLC is the agent.

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