Using IF with CONTAINS and AND for multiple columns

I am looking at two different columns - one is called Status and the other Priority. I would like to have a formula/function setup that will look for "Open" within the Status column and "High" within the Priority column. If it finds "Open" and "High" together in any row, I want a "True" value returned. This will be used in a sheet summary. So far, I have

=IF(CONTAINS(AND("Open", Status:Status), ("High", Priority:Priority)), "True", "False"). This gets me an #UNPARSABLE error.

I'm stuck. Please help.🙂

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