New Issue: Credit Suisse prices $555,000 7.25% callable yield notes on Russell 2000, MSCI EM fund

By Susanna Moon

Chicago, July 25 - Credit Suisse AG, Nassau Branch priced $555,000 of 7.25% callable yield notes due Oct. 29, 2012 linked to the Russell 2000 index and the iShares MSCI Emerging Markets index fund, 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 component falls to or below its knock-in level - 75% 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 any interest payment date.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	Russell 2000 index, iShares MSCI Emerging Markets index fund
Amount:	$555,000
Maturity:	Oct. 29, 2012
Coupon:	7.25%, payable quarterly
Price:	Par
Payout at maturity:	If either 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 any interest payment date
Initial levels:	841.82 for Russell, $47.65 for EM fund
Knock-in levels:	631.365 for Russell, $35.7375 for EM fund; 75% of initial levels
Pricing date:	July 22
Settlement date:	July 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546TBH3

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