New Issue: Credit Suisse prices $2.36 million 5.6% callable yield notes on S&P 500, Russell 2000

By Susanna Moon

Chicago, June 16 - Credit Suisse AG, Nassau branch priced $2.36 million of 5.6% callable yield notes due June 22, 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 will be payable quarterly.

The payout at maturity will be par unless either index falls to or below its knock-in level - 75% of its initial level - on the final valuation date, in which case investors will receive par plus the return of the worst-performing index.

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

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau branch
Issue:	Callable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$2.36 million
Maturity:	June 22, 2012
Coupon:	5.6%, payable quarterly
Price:	Par
Payout at maturity:	If either index falls to or below its knock-in level on the June 15, 2012 valuation date, par plus the return of the worst-performing index; otherwise, par
Call option:	At par on any interest payment date beginning Sept. 22
Initial levels:	1,265.42 for S&P, 779.46 for Russell
Knock-in levels:	949.065 for S&P, 584.595 for Russell; 75% of initial levels
Pricing date:	June 15
Settlement date:	June 22
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546TAN1

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