New Issue: Credit Suisse prices $3.85 million 7.12% callable yield notes linked to S&P 500, Russell

By Toni Weeks

San Diego, March 27 - Credit Suisse AG, Nassau Branch priced $3.85 million of 7.12% callable yield notes due July 1, 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 by 30% or more from its initial level on the valuation date, in which case investors will receive par plus the return of the worst-performing index.

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:	$3,852,000
Maturity:	July 1, 2013
Coupon:	7.12% per year, payable quarterly
Price:	Par
Payout at maturity:	Par, unless either index falls by 30% or more on June 24, 2013, in which case par plus return of worst-performing index
Initial levels:	1,397.11 for S&P, 830.03 for Russell
Knock-in level:	977.977 for S&P, 581.021 for Russell; 70% of initial levels
Call option:	At par on any quarterly interest payment date beginning June 29
Pricing date:	March 23
Settlement date:	March 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	Up to 1.5%
Cusip:	22546TNR8

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