New Issue: Credit Suisse prices $1.51 million 9% callable yield notes tied to Russell, gold fund

By Jennifer Chiou

New York, April 24 - Credit Suisse AG, Nassau Branch priced $1,505,000 of 9% callable yield notes due July 25, 2013 linked to the Market Vectors Gold Miners exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable on any interest payment date beginning on July 25, 2012.

The payout at maturity will be par unless either component falls to or below the 60% trigger level, in which case the payout will be par plus the return of the worse-performing component, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components: Russell 2000 and Market Vectors Gold Miners ETF
Amount:	$1,505,000
Maturity:	July 25, 2013
Coupon:	9%, payable quarterly
Price:	Par
Payout at maturity:	If either component falls to or below trigger level, par plus return of worse-performing component, capped at par; otherwise, par
Call option:	On any interest payment date beginning on July 25, 2012
Initial levels:	804.05 for Russell; $46.12 for fund
Knock-in levels:	482.43 for Russell; $27.672 for fund; 60% of initial levels
Pricing date:	April 20
Settlement date:	April 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22546TRD5

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