New Issue: Credit Suisse prices $131,000 5.1% callable yield notes tied to Russell 2000, gold fund

By Susanna Moon

Chicago, May 9 - Credit Suisse AG, Nassau Branch priced $131,000 of 5.1% annualized callable yield notes due Nov. 10, 2011 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable on July 11, Sept. 12 and at maturity.

The payout at maturity will be par unless either 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.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	Russell 2000 index, Market Vectors Gold Miners ETF
Amount:	$131,000
Maturity:	Nov. 10, 2011
Coupon:	5.1%, payable on July 11, Sept. 12 and at maturity
Price:	Par
Payout at maturity:	If either component falls to or below its knock-in level during the life of the notes, par plus the return of the worst-performing component, capped at par; otherwise, par
Call option:	At par on any interest payment date
Initial levels:	829 for Russell, $56.16 for gold fund
Knock-in levels:	580.468 for Russell, $39.312 for gold fund; 70% of initial levels
Pricing date:	May 5
Settlement date:	May 10
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546E6P4

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