New Issue: Credit Suisse prices $2.74 million 10.5% callable yield notes on Russell 2000, oil fund

By Jennifer Chiou

New York, Nov. 8 - Credit Suisse AG, Nassau Branch priced $2.74 million of 10.5% callable yield notes due Feb. 5, 2014 linked to the Russell 2000 index and the United States Oil Fund, LP, 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 beginning on May 6, 2013.

The payout at maturity will be par unless either component falls by 40% or more of its initial level on any day 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.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components: Russell 2000 index and United States Oil Fund, LP
Amount:	$2.74 million
Maturity:	Feb. 5, 2014
Coupon:	10.5%, payable quarterly
Price:	Par
Payout at maturity:	Par unless either component falls to or below knock-in level during life of notes, in which case par plus return of worst-performing component, maximum payout of par
Initial levels:	818.73 for Russell, $31.78 for fund
Knock-in levels: 491.238 for Russell, $19.068 for fund, 60% of initial levels
Call option:	At par on any interest payment date beginning on May 6, 2013
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22546TZX2

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