New Issue: Credit Suisse sells $7.94 million 12% callable notes on Russell 2000, Market Vectors Gold

By Susanna Moon

Chicago, Sept. 29 - Credit Suisse AG, Nassau Branch priced $7.94 million of 12% annualized callable yield notes due March 30, 2011 linked to the Russell 2000 index and Market Vectors Gold Miners exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.

Interest is payable on Nov. 30, Jan. 30, 2011 and at maturity.

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

The payout at maturity will be par unless either the index or fund 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 agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	Russell 2000, Market Vectors Gold Miners exchange-traded fund
Amount:	$7,939,000
Maturity:	March 30, 2011
Coupon:	12%, payable on Nov. 30, Jan. 30, 2011 and at maturity
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
Initial levels:	668.29 for Russell 2000; $55.34 for Market Vectors Gold
Knock-in levels:	467.803 for Russell 2000; $38.738 for Market Vectors Gold; or 70% of initial levels
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546EYY4

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