Credit Suisse plans 9.75%-12.25% callable yield notes linked to Russell 2000, Market Vectors Gold Miners

By Angela McDaniels

Tacoma, Wash., Sept. 30 - Credit Suisse AG, Nassau Branch plans to price callable yield notes due April 29, 2011 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will carry an annualized coupon of 9.75% to 12.25%, with the exact rate to be set at pricing. Interest will be payable on Jan. 31 and at maturity.

The payout at maturity will be par unless either underlying components falls to or below its knock-in level - 75% 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, capped at a maximum payout of par.

The notes will be callable at par on any interest payment date.

The notes (Cusip 22546EB37) are expected to price Oct. 26 and settle Oct. 29.

Credit Suisse Securities (USA) LLC is the underwriter.

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