New Issue: Credit Suisse prices $441,000 11.25% callable yield notes on Russell 2000, metals ETF

By Susanna Moon

Chicago, April 4 - Credit Suisse AG, Nassau Branch priced $441,000 of 11.25% callable yield notes due April 5, 2012 linked to the Russell 2000 index and the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout at maturity will be par unless either component falls to or below its knock-in level - 75% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.

The notes are callable on any interest payment date beginning Oct. 5.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	Russell 2000 index, SPDR S&P Metals & Mining ETF
Amount:	$441,000
Maturity:	April 5, 2012
Coupon:	11.25%, payable quarterly
Price:	Par
Payout at maturity:	If either component falls to or below its knock-in level during the life of the notes, par plus the return of the worst-performing component, up to a maximum payment of par; otherwise, par
Call option:	At par on any interest payment date after six months
Initial levels:	843.55 for Russell, $74.28 for metals fund
Knock-in levels:	632.6625 for Russell, $55.71 for metals fund; 75% of initial levels
Pricing date:	March 31
Settlement date:	April 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22546EX33

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