New Issue: Credit Suisse prices $2.26 million 10% callable yield notes on Russell, U.S. Oil

By Marisa Wong

Madison, Wis., June 4 - Credit Suisse AG, Nassau Branch priced $2.26 million of 10% callable yield notes due June 5, 2013 linked to the Russell 2000 index and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any interest payment date beginning Sept. 5.

The payout at maturity will be par unless either component falls to or below its knock-in level - 55% 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
Amount:	$2,263,000
Maturity:	June 5, 2013
Coupon:	10%, payable quarterly
Price:	Par
Payout at maturity:	Par, unless either component falls to or knock-in level during life of notes, in which case par plus return of worst-performing component, maximum payout of par
Initial levels:	761.82 for Russell, $32.61 for oil fund
Knock-in levels:	419.0010 for Russell, $17.9355 for oil fund, 55% of initial levels
Call option:	At par on any interest payment date beginning Sept. 5
Pricing date:	May 31
Settlement date:	June 5
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22546TST9

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