Credit Suisse plans 11%-13% callable yield notes on Russell, two funds

By Susanna Moon

Chicago, Aug. 18 - Credit Suisse AG, Nassau Branch plans to price 11% to 13% callable yield notes due Sept. 6, 2012 linked to the Russell 2000 index, the United States Natural Gas Fund, LP and the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any interest payment date after three months.

The payout at maturity will be par unless the index or either fund falls to or below its knock-in level - 60% 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.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Aug. 31 and settle on Sept. 6.

The Cusip is 22546TDM0.

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