Credit Suisse plans 8.25% callable yield notes on S&P, Russell 2000

By Jennifer Chiou

New York, March 30 - Credit Suisse AG, Nassau Branch plans to price 8.25% callable yield notes due April 9, 2012 linked to the S&P 500 and the Russell 2000 indexes, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout at maturity will be par unless either index falls to or below its knock-in level - 80% 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, capped at a maximum payout of par.

The notes will be callable at par on any interest payment date beginning on July 11, 2011.

The notes (Cusip: 22546E4L5) will price on April 1 and settle on April 6.

Credit Suisse Securities (USA) LLC is the underwriter.

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