Credit Suisse plans 10.5%-11.5% callable yield notes on Russell, fund

By Jennifer Chiou

New York, April 26 - Credit Suisse AG, Nassau Branch plans to price 10.5% to 11.5% callable yield notes due May 9, 2013 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 is payable quarterly.

The notes are callable on any interest payment date beginning on Aug. 9, 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.

The notes (Cusip: 22546TSQ5) will price on May 4 and settle on May 9.

Credit Suisse Securities (USA) LLC is the agent.

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