New Issue: Credit Suisse prices $290,000 10% callable yield notes linked to S&P 500, Market Vectors

By Jennifer Chiou

New York, Aug. 12 - Credit Suisse AG, Nassau Branch priced $290,000 of 10% callable yield notes due Aug. 16, 2011 linked to the S&P 500 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

Beginning Nov. 16, 2010, the notes are callable at par on any interest payment date.

The payout at maturity will be par unless either of the underlying components falls to or below its knock-in level - 65% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worse-performing component, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Callable yield notes
Underlying components:	S&P 500 index and Market Vectors Gold Miners exchange-traded fund
Amount:	$290,000
Maturity:	Aug. 16, 2011
Coupon:	10%, payable quarterly
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 worse-performing component, capped at par; otherwise, par
Call option:	At par on interest payment dates from Nov. 16, 2010 onward
Initial levels:	1,089.47 for index and $49.02 for ETF
Knock-in levels:	708.16 for index and $31.90 for ETF; 65% of initial levels
Pricing date:	Aug. 11
Settlement date:	Aug. 16
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22546EYN8

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