Credit Suisse plans 10.5% callable yield notes on index, two funds

By Toni Weeks

San Diego, April 1 - Credit Suisse AG, Nassau Branch plans to price callable yield notes due Oct. 17, 2011 linked to the Russell 2000 index, the United States Natural Gas Fund, LP and the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The coupon is expected to be 10.5% per year and will be set at pricing. Interest is payable monthly.

The notes are callable at par on June 17 and Aug. 17.

The payout at maturity will be par unless any component falls to or below its knock-in level - 70% 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.

The notes (Cusip: 22546E4M3) are expected to price April 12 and settle April 15.

Credit Suisse Securities (USA) LLC is the agent.

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