New Issue: Credit Suisse prices $913,000 7.5% callable yield notes tied to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., April 19 - Credit Suisse AG, Nassau Branch priced $913,000 of 7.5% callable yield notes due April 20, 2012 linked to 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 payout at maturity will be par unless either underlying 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.

Beginning July 20, the notes are callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$913,000
Maturity:	April 20, 2012
Coupon:	7.5%, payable quarterly
Price:	Par
Payout at maturity:	If either underlying index falls to or below knock-in level, par plus return of worst-performing index, up to maximum payout of par; otherwise, par
Call option:	At par on any interest payment date from July 20 onward
Initial levels:	1,319.68 for S&P 500 and 834.98 for Russell 2000
Knock-in levels:	1,055.744 for S&P 500 and 667.984 for Russell 2000; 80% of initial levels
Pricing date:	April 15
Settlement date:	April 20
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22546E3G7

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