New Issue: Credit Suisse sells $950,000 17.5% callable yield notes tied to two indexes, fund

By Marisa Wong

Madison, Wis., Nov. 1 - Credit Suisse AG, Nassau Branch priced $950,000 of 17.5% annualized callable yield notes due May 2, 2012 linked to the S&P 500 index, 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 monthly.

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

The payout at maturity will be par unless either index or the fund falls to or below its knock-in level - 74% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-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
Underlyings:	S&P 500 index, Russell 2000 index, Market Vectors Gold Miners exchange-traded fund
Amount:	$950,000
Maturity:	May 2, 2012
Coupon:	17.5% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless either index or the fund falls to or below its knock-in level during the life of the notes, in which case par plus the return of the worst-performing component, up to a maximum payout of par
Call option:	At par on any interest payment date
Initial levels:	1,285.09 for S&P, 761.00 for Russell, $60.48 for ETF
Knock-in levels:	950.9666 for S&P, 563.1400 for Russell, $44.7552 for ETF; 74% of initial levels
Pricing date:	Oct. 28
Settlement date:	Nov. 2
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546TGF2

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