New Issue: Credit Suisse prices $1.45 million 7% callable yield notes tied to S&P 500, Russell 2000

By Jennifer Chiou

New York, April 24 - Credit Suisse AG, Nassau Branch priced $1,445,000 of 7% callable yield notes due July 29, 2013 linked to the S&P 500 index 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 27, 2012.

The payout at maturity will be par unless either index falls to or below the 70% trigger level, in which case the payout will be par plus the return of the worse-performing index, 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 indexes:	S&P 500 and Russell 2000
Amount:	$1,445,000
Maturity:	July 29, 2013
Coupon:	7%, payable quarterly
Price:	Par
Payout at maturity:	If either index falls to or below trigger level, par plus return of worse-performing index, capped at par; otherwise, par
Call option:	On any interest payment date beginning on July 27, 2012
Initial levels:	1,378.53 for S&P, 804.05 for Russell
Knock-in levels:	964.971 for S&P, 562.835 for Russell; 70% of initial levels
Pricing date:	April 20
Settlement date:	April 27
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546TQS3

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