New Issue: Credit Suisse prices $502,000 performance yield notes linked to two indexes, one ETF

By Angela McDaniels

Tacoma, Wash., July 29 - Credit Suisse AG, Nassau Branch priced $502,000 of performance yield notes due Jan. 30, 2012 linked to the worst performing of the S&P 500 index, the Market Vectors Gold Miners exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will equal the sum of 14% plus 14% times the return of the worst-performing underlying on the applicable observation date. Interest is payable quarterly and cannot be less than zero.

The observation dates are Oct. 26, 2010, Jan. 26, 2011, April 26, 2011, July 26, 2011, Oct. 26, 2011 and Jan. 25, 2012.

The notes are callable at par if the closing level of each underlying is greater than its knock-out level - 105% of the initial level - on any observation date.

A knock-in event occurs if any underlying closes at or below 70% of its initial level on Jan. 25, 2012.

If the notes are not called and a knock-in event occurs, the payout at maturity will be par plus the return of the worst-performing index or fund.

If the notes are not called and a knock-in event does not occur, the payout will be par.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Performance yield notes
Underlyings:	S&P 500 index, Market Vectors Gold Miners exchange-traded fund and Russell 2000 index
Amount:	$502,000
Maturity:	Jan. 30, 2012
Coupon:	14% plus 14% times return of worst-performing underlying, subject to floor of zero; payable quarterly
Price:	Par
Payout at maturity:	If any underlying finishes at or below its knock-in level, par plus the return of the worst-performing underlying; otherwise, par
Call:	At par if each underlying closes above its initial knock-out level on Oct. 26, 2010, Jan. 26, 2011, April 26, 2011, July 26, 2011, Oct. 26, 2011 or Jan. 25, 2012
Initial index levels:	1,113.84 for S&P 500, $47.09 for Gold Miners and 662.17 for Russell 2000
Knock-in levels:	779.688 for S&P 500, $32.963 for Gold Miners and 463.519 for Russell 2000; 70% of initial levels
Knock-out levels:	1,169.532 for S&P 500, $49.4445 for Gold Miners and 695.2785 for Russell 2000; 105% of initial levels
Pricing date:	July 27
Settlement date:	July 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.75%
Cusip:	22546EVW1

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