New Issue: Credit Suisse prices $1.76 million 14% callable yield notes tied to Russell, two funds

By Susanna Moon

Chicago, Oct. 13 - Credit Suisse AG, Nassau Branch priced $1.76 million of 14% callable yield notes due Oct. 15, 2012 linked to the Russell 2000 index, the United States Oil Fund, LP and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

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

The payout at maturity will be par unless any component falls to or below its knock-in level - 52.5% 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:	Russell 2000 index, United States Oil Fund, LP and Market Vectors Gold Miners ETF
Amount:	$1.76 million
Maturity:	Oct. 15, 2012
Coupon:	14%, payable monthly
Price:	Par
Payout at maturity:	Par unless any component ever falls to or below knock-in level, in which case par plus return of worst-performing component, capped at par
Initial levels:	688.97 for Russell, $33.01 for oil fund, $56.91 for gold fund
Knock-in levels:	361.70925 for Russell, $17.33025 for oil fund, $29.87775 for gold fund; 52.5% of initial levels
Call option:	At par on any interest payment date
Pricing date:	Oct. 11
Settlement date:	Oct. 14
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22546TFL0

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