New Issue: Credit Suisse prices $954,000 8.8% callable yield notes linked to Russell, Gold Miners

By Toni Weeks

San Diego, March 22 - Credit Suisse AG, Nassau Branch priced $954,000 of 8.8% annualized callable yield notes due Sept. 23, 2011 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless either the index or fund falls to or below its knock-in level - 72.5% 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, capped at a maximum payout of par.

The notes are callable at par on May 23 and July 25.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Amount:	$954,000
Maturity:	Sept. 23, 2011
Coupon:	8.8%, payable monthly
Price:	Par
Payout at maturity:	Par, unless either index or fund falls to or below 72.5% of initial level during life of notes, in which case par plus return of worst-performing component, capped at par
Initial levels:	794.66 for index and $56.66 for ETF
Call option:	At par on May 23 or July 25
Pricing date:	March 18
Settlement date:	March 23
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.5%
Cusip:	22546E2T0

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