New Issue: Credit Suisse prices $1.1 million 15% callable yield notes linked to silver, gas funds

By Angela McDaniels

Tacoma, Wash., Aug. 3 - Credit Suisse AG, Nassau Branch priced $1.1 million of 15% callable yield notes due Aug. 6, 2012 linked to the iShares Silver Trust and the United States Natural Gas Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless either component falls to or below its knock-in level - 70% 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 at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying funds:	iShares Silver Trust and United States Natural Gas Fund, LP
Amount:	$1.1 million
Maturity:	Aug. 6, 2012
Coupon:	15%, payable monthly
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, capped at par; otherwise, par
Call option:	At par on any interest payment date
Initial share prices:	$38.26 for silver trust; $10.58 for natural gas fund
Knock-in levels:	$26.78 for silver trust; $7.41 for natural gas fund; 70% of initial levels
Pricing date:	Aug. 1
Settlement date:	Aug. 4
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546TDV0

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