New Issue: Credit Suisse prices $1.2 million 9% callable yield notes on Russell 2000, gas fund

By Susanna Moon

Chicago, April 27 - Credit Suisse AG, Nassau Branch priced $1.2 million of 9% callable yield notes due Oct. 31, 2011 linked to the Russell 2000 index and the United States Natural Gas Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable every two months.

The payout at maturity will be par unless either component falls to or below its knock-in level - 75% 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 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, United States Natural Gas Fund, LP
Amount:	$1,195,000
Maturity:	Oct. 31, 2011
Coupon:	9%, payable every two months
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, up to a maximum payment of par; otherwise, par
Call option:	At par on any interest payment date
Initial levels:	844.23 for Russell, $11.44 for gas fund
Knock-in levels:	633.1725 for Russell, $8.58 for gas fund; 75% of initial levels
Pricing date:	April 25
Settlement date:	April 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22546E3R3

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