New Issue: Credit Suisse sells $1.54 million 9% callable yield notes on SPDR metals, Gold Miners

By Susanna Moon

Chicago, Jan. 28 - Credit Suisse AG, Nassau Branch priced $1.54 million of 9% annualized callable yield notes due July 29, 2011 based on the SPDR S&P Metals & Mining exchange-traded fund and the Market Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable March 29, May 29 and at maturity.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless either fund falls to or below its knock-in level - 75% 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.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	SPDR S&P Metals & Mining exchange-traded fund and the Market Vectors Gold Miners ETF
Amount:	$1,541,000
Maturity:	July 29, 2011
Coupon:	9%, payable March 29, May 29 and at maturity
Price:	Par
Payout at maturity:	If either fund falls to or below its knock-in level during the life of the notes, par plus the return of the worst performing component, up to a maximum payout of par; otherwise, par
Call option:	At par on any interest payment date
Initial levels:	$69.68 for SPDR Metals and $55.10 for Gold Miners
Knock-in levels:	$52.26 for SPDR Metals and $41.325 for Gold Miners; 75% of initial levels
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546EN34

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