New Issue: Credit Suisse prices $2.16 million 10.1% callable yield notes on Russell 2000, gold ETF

By Jennifer Chiou

New York, Aug. 2 - Credit Suisse AG, Nassau Branch priced $2.16 million of 10.1% callable yield notes due Aug. 3, 2012 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded 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 - 60% 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, Market Vectors Gold Miners ETF
Amount:	$2,159,000
Maturity:	Aug. 3, 2012
Coupon:	10.1%, 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:	797.03 for Russell, $56.94 for gold fund
Knock-in levels:	478.218 for Russell, $34.164 for gold fund; 60% of initial levels
Pricing date:	July 29
Settlement date:	Aug. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22546TAZ4

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