Credit Suisse plans 8% callable yield notes on U.S. Oil, Gold Miners

By Susanna Moon

Chicago, May 8 - Credit Suisse AG, Nassau Branch plans to price 8% callable yield notes due May 22, 2014 linked to the United States Oil Fund, LP and the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be callable at par plus the contingent coupon on any interest payment date.

The payout at maturity will be par unless either fund ever closes at or below its knock-in level during the life of the notes, in which case investors will be fully exposed to any losses of the worst-performing fund. The knock-in level will be 59% to 61% of the initial level, with the exact percentage to be set at pricing.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price on May 17 and settle on May 22.

The Cusip number is 22547Q2L9.

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