Credit Suisse plans 10.75%-12.75% callable yield notes on metals, gold

By Susanna Moon

Chicago, Feb. 28 - Credit Suisse AG, Nassau Branch plans to price 10.75% to 12.75% annualized callable yield notes due Sept. 19, 2011 linked to the SPDR S&P Metals & Mining exchange-traded fund and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.

Interest will be payable on May 18, July 18 and at maturity.

The payout at maturity will be par unless either fund falls to or below its knock-in level - 80% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worse performing fund, capped at a maximum payout of par.

The notes will be callable at par on any interest payment date.

The notes will price on March 15 and settle on March 18.

The Cusip is 22546EW67.

Credit Suisse Securities (USA) LLC is the underwriter.

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