New Issue: Credit Suisse prices $387,000 8.5% callable yield notes on S&P, Russell, metals fund

By Jennifer Chiou

New York, March 30 - Credit Suisse AG, Nassau Branch priced $387,000 of 8.5% annualized callable yield notes due Sept. 30, 2011 linked to the Russell 2000 index, the S&P 500 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 on May 31, July 31 and at maturity.

The payout at maturity will be par unless any component falls to or below its knock-in level - 80% 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.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	Russell 2000 index, S&P 500 index, SPDR S&P Metals & Mining ETF
Amount:	$387,000
Maturity:	Sept. 30, 2011
Coupon:	8.5%, payable monthly
Price:	Par
Payout at maturity:	If any 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
Initial levels:	821.77 for Russell, 1,130.19 for S&P, $72.13 for metals fund
Knock-in levels:	657.416 for Russell, 1,048.152 for S&P, $57.704 for metals fund; 80% of initial levels
Pricing date:	March 28
Settlement date:	March 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546EY57

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