New Issue: Credit Suisse prices $5.89 million 12% callable yield notes tied to S&P, Russell

By Toni Weeks

San Diego, Oct. 27 - Credit Suisse AG, Nassau Branch priced $5.89 million of 12% callable yield notes due Oct. 31, 2012 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, 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 index falls by 40% or more of its initial level during the life of the notes, in which case investors will receive par plus the return of the worst-performing index, 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 indexes:	S&P 500 and Russell 2000
Amount:	$5.89 million
Maturity:	Oct. 31, 2012
Coupon:	12% per year, payable quarterly
Price:	Par
Payout at maturity:	Par, unless either index falls by 40% or more during life of notes, in which case par plus return of worst-performing index, up to maximum payout of par
Initial levels:	1,242 for S&P, 727.15 for Russell
Knock-in level:	745.2 for S&P, 436.29 for Russell; 60% of initial levels
Call option:	At par on any quarterly interest payment date
Pricing date:	Oct. 26
Settlement date:	Oct. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22546TFZ9

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