New Issue: Credit Suisse prices $585,000 10% callable yield notes on Russell 2000, metals ETF

By Jennifer Chiou

New York, Feb. 2 - Credit Suisse AG, Nassau Branch priced $585,000 of 10% callable yield notes due Feb. 3, 2012 linked to the Russell 2000 index and the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless either underlying component falls to or below its knock-in level - 67.5% of the initial level - during the life of the notes, in which case investors will receive par plus the return of the lower-performing underlying component, capped at a maximum payout of par.

The notes are callable at par on any interest payment date beginning on Aug. 3, 2011.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	Russell 2000 index and SPDR S&P Metals & Mining ETF
Amount:	$585,000
Maturity:	Feb. 3, 2012
Coupon:	10%, payable quarterly
Price:	Par
Payout at maturity:	If either underlying component falls to or below knock-in level during life of notes, par plus return of lower-performing underlying component, up to maximum payout of par; otherwise, par
Call option:	At par on any interest payment date beginning on Aug. 3, 2011
Initial levels:	781.25 for index and $68.97 for ETF
Knock-in levels:	527.3438 for index and $46.5548 for ETF; 67.5% of initial prices
Pricing date:	Jan. 31
Settlement date:	Feb. 3
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22546EE26

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