New Issue: Credit Suisse prices $818,000 7.2% callable yield notes on iShares MSCI EM, Russell 2000

By Toni Weeks

San Diego, Feb. 23 - Credit Suisse AG, Nassau Branch priced $818,000 of 7.2% callable yield notes due Aug. 31, 2012 tied to the iShares MSCI Emerging Markets index fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be paid quarterly.

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

The payout at maturity will be par unless either component 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 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
Underlying components:	iShares MSCI Emerging Markets index fund and Russell 2000 index
Amount:	$818,000
Maturity:	Aug. 31, 2012
Coupon:	7.2%, payable quarterly
Price:	Par
Payout at maturity:	If either component falls to or below its knock-in level during the life of the notes, par plus the return of the worst-performing component, up to a maximum payment of par; otherwise, par
Call option:	At par on any interest payment date
Initial levels:	$46.31 for MSCI EM; 834.82 for Russell
Knock-in levels:	$34.7325 for MSCI EM; 626.115 for Russell; 75% of initial levels
Pricing date:	Feb. 18
Settlement date:	Feb. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546EU69

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