New Issue: Credit Suisse prices $775,000 9.75% callable yield notes tied to S&P 500, Russell 2000

By Toni Weeks

San Diego, Nov. 10 - Credit Suisse AG, Nassau Branch priced $775,000 of 9.75% callable yield notes due Nov. 13, 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 monthly.

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

The payout at maturity will be par unless either index falls by 45% or more of the 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:	$775,000
Maturity:	Nov. 13, 2012
Coupon:	9.75% per year, payable monthly
Price:	Par
Payout at maturity:	Par, unless either index falls by 45% or more during life of notes, in which case par plus return of worst-performing index, up to maximum payout of par
Initial levels:	1,275.92 for S&P, 755.27 for Russell
Knock-in level:	701.756 for S&P, 415.3985 for Russell; 55% of initial levels
Call option:	At par on any monthly interest payment date beginning Dec. 12
Pricing date:	Nov. 8
Settlement date:	Nov. 14
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.5%
Cusip:	22546TGX3

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