New Issue: Credit Suisse prices $4.54 million 7.2% callable yield notes linked to S&P 500, Russell

By Susanna Moon

Chicago, May 22 - Credit Suisse AG, Nassau Branch priced $4.54 million of 7.2% callable yield notes due Aug. 26, 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 at par on any interest payment date.

The payout at maturity will be par unless either index falls to or below the 70% knock-in level during the life of the notes, in which case investors will receive par plus the return of the worst-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:	$4,537,000
Maturity:	Aug. 26, 2013
Coupon:	7.2%, payable quarterly
Price:	Par
Payout at maturity:	Par, unless either index ever falls to or below knock-in level, in which case par plus return of worst-performing index, capped at par
Initial levels:	1,295.22 for S&P, 747.21 for Russell
Knock-in levels:	906.654 for S&P, 523.047 for Russell; 70% of initial levels
Call option:	At par on any interest payment date
Pricing date:	May 18
Settlement date:	May 25
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546TSX0

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