New Issue: Credit Suisse prices $1.76 million 9.85% callable yield notes on Russell, two funds

By Susanna Moon

Chicago, May 2 - Credit Suisse AG, Nassau Branch priced $1.76 million of 9.85% annualized callable yield notes due Nov. 3, 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 a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

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 are callable at par on July 5 or Sept. 6.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	Russell 2000 index, United States Natural Gas Fund, LP, Market Vectors Gold Miners ETF
Amount:	$1,757,000
Maturity:	Nov. 3, 2011
Coupon:	9.85%, payable monthly
Price:	Par
Payout at maturity:	If any component falls to or below its knock-in level during the life of the notes, par plus the return of the worst-performing component, capped at par; otherwise, par
Call option:	At par on July 5 or Sept. 6
Initial levels:	861.55 for Russell, $11.79 for gas fund, $61.30 for gold fund
Knock-in levels:	603.085 for Russell, $8.253 for gas fund, $42.91 for gold fund; 70% of initial levels
Pricing date:	April 28
Settlement date:	May 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546E5C4

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