New Issue: Credit Suisse prices $1.99 million 11.5% callable yield notes on Russell, oil fund

By Toni Weeks

San Diego, Aug. 2 - Credit Suisse AG, Nassau Branch priced $1.99 million of 11.5% callable yield notes due Nov. 4, 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 Nov. 5.

The payout at maturity will be par unless any component falls by 45% or more 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 and United States Oil Fund, LP
Amount:	$1,991,000
Maturity:	Nov. 4, 2013
Coupon:	11.5%, payable quarterly
Price:	Par
Payout at maturity:	Par, unless either component falls to or below 55% of its initial level during life of notes, in which case par plus return of worst-performing component, maximum payout of par
Initial levels:	786.94 for Russell, $32.68 for oil fund
Knock-in levels:	432.817 for Russell, $17.974 for oil fund, 55% of initial levels
Call option:	At par on any interest payment date beginning Nov. 5
Pricing date:	July 31
Settlement date:	Aug. 3
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22546TVL2

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