New Issue: Credit Suisse prices $3.45 million 6.12% callable yield notes on S&P 500, Russell 2000

By Jennifer Chiou

New York, Feb. 22 - Credit Suisse AG, Nassau Branch priced $3,447,000 of 6.12% callable yield notes due May 28, 2013 linked to the S&P 500 index and the Russell 2000 index, 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 on or after May 29, 2012.

The payout at maturity will be par unless either index falls by 30% or more of the initial level during the life of the notes, in which case investors will receive par plus the return of the worst-performing index, 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 indexes:	S&P 500 and Russell 2000
Amount:	$3,447,000
Maturity:	May 28, 2013
Coupon:	6.12% per year, payable quarterly
Price:	Par
Payout at maturity:	Par unless either index falls by 30% or more during the life of the notes, in which case par plus return of worst-performing index, up to a maximum payout of par
Initial levels:	1,361.23 for S&P, 828.68 for Russell
Knock-in level:	952.861 for S&P, 580.076 for Russell; 70% of initial levels
Call option:	At par on any quarterly interest payment date on or after May 29, 2012
Pricing date:	Feb. 17
Settlement date:	Feb. 27
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546TMG3

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