New Issue: Credit Suisse prices $404,000 7% callable yield notes linked to fund, two indexes

By Toni Weeks

San Diego, Jan. 30 - Credit Suisse AG, Nassau Branch priced $404,000 of 7% annualized callable yield notes due July 31, 2012 linked to the S&P 500 index, the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable every two months.

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

The payout at maturity will be par unless any component falls by 30% or more 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.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	S&P 500 index, Russell 2000 index and Market Vectors Gold Miners exchange-traded fund
Amount:	$404,000
Maturity:	July 31, 2012
Coupon:	7% per year, payable every two months
Price:	Par
Payout at maturity:	Par, unless any component falls by 30% or more during the life of the notes, in which case par plus return of worst-performing component
Initial levels:	1,318.43 for S&P, 792.91 for Russell, $55.76 for Gold Miners
Knock-in level:	922.901 for S&P 500, 555.037 for Russell 2000 and $39.032 for Gold Miners ; 70% of initial levels
Call option:	At par on any bimonthly interest payment date beginning March 30
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546TLG4

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