New Issue: Credit Suisse prices $2.84 million 9% callable yield notes tied to Russell, gold ETF

By Jennifer Chiou

New York, Dec. 21 - Credit Suisse AG, Nassau Branch priced $2.84 million of 9% callable yield notes due Dec. 22, 2011 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.

Interest is payable quarterly.

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 underlying component, subject to a maximum payout of par.

The notes are callable at par on any interest payment date beginning on March 22, 2011.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	Russell 2000 index and Market Vectors Gold Miners exchange-traded fund
Amount:	$2,841,000
Maturity:	Dec. 22, 2011
Coupon:	9%, payable quarterly
Price:	Par
Payout at maturity:	If either underlying component falls to or below knock-in level during life of notes, par plus return of worst-performing underlying component, up to maximum payout of par; otherwise, par
Call option:	At par on any interest payment date beginning on March 22, 2011
Initial levels:	779.51 for index and $60.44 for ETF
Knock-in levels:	506.6815 for index and $39.286 for ETF, 65% of initial levels
Pricing date:	Dec. 17
Settlement date:	Dec. 22
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22546EM27

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