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Published on 8/3/2010 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $633,000 9% callable yield notes linked to S&P 500, Market Vectors

By Angela McDaniels

Tacoma, Wash., Aug. 3 - Credit Suisse AG, Nassau Branch priced $633,000 of 9% annualized callable yield notes due Feb. 4, 2011 linked to 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 of the underlying components falls to or below its knock-in level - 70% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worse-performing component, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:Credit Suisse AG, Nassau Branch
Issue:Callable yield notes
Underlying components:S&P 500 index and Market Vectors Gold Miners exchange-traded fund
Amount:$633,000
Maturity:Feb. 4, 2011
Coupon:9%, payable quarterly
Price:Par
Payout at maturity:If either component falls to or below its knock-in level during the life of the notes, par plus the return of the worse-performing component, capped at par; otherwise, par
Call option:At par on interest payment dates
Initial levels:1,101.60 for index and $48.22 for ETF
Knock-in levels:771.12 for index and $33.754 for ETF; 70% of initial levels
Pricing date:July 30
Settlement date:Aug. 4
Underwriter:Credit Suisse Securities (USA) LLC
Fees:0.25%
Cusip:22546EWX8

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