New Issue: Credit Suisse sells $1.05 million 12% callable yield notes on Russell 2000, Gold Miners

By Susanna Moon

Chicago, Oct. 26 - Credit Suisse AG, Nassau Branch priced $1.05 million of 12% annualized callable yield notes due April 27, 2011 based on the Russell 2000 index and Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any interest payment date beginning Jan. 27.

The payout at maturity will be par unless the index or fund 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 worse performing component, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	Russell 2000, Market Vectors Gold Miners exchange-traded fund
Amount:	$1,052,000
Maturity:	April 27, 2011
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	If index or fund 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 any interest payment date after three months
Initial levels:	703.43 for Russell for $54.89 for Gold Miners
Knock-in levels:	457.2295 for Russell and $35.6785 for Gold Miners; 65% of initial levels
Pricing date:	Oct. 22
Settlement date:	Oct. 27
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22546EC85

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