Credit Suisse plans 7%-9% callable yield notes on two indexes, fund

By Jennifer Chiou

New York, Feb. 1 - Credit Suisse AG, Nassau Branch plans to price 7% to 9% annualized callable yield notes due Aug. 28, 2012 linked to the S&P 500 index, 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 is payable monthly. The exact coupon will be determined at pricing.

The notes are callable at par on any interest payment date beginning on March 28.

The payout at maturity will be par unless any component falls by 30% or more from 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 (Cusip: 22546TLV1) are expected to price Feb. 23 and settle Feb. 28.

Credit Suisse Securities (USA) LLC is the agent.

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