Credit Suisse plans 11.3% callable yield notes on Russell, two funds

By Susanna Moon

Chicago, May 13 - Credit Suisse AG, Nassau Branch plans to price 11.3% callable yield notes due May 29, 2012 linked to the Russell 2000 index, the SPDR S&P Homebuilders exchange-traded fund and the United States Natural Gas Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless any component falls to or below its knock-in level - 70% 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 at par on any interest payment date beginning July 29.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 23 and settle on May 26.

The Cusip is 22546E7B4.

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