Credit Suisse plans 12.75% callable yield notes linked to three indexes

By Jennifer Chiou

New York, Oct. 1 - Credit Suisse, Nassau Branch plans to price 12.75% callable yield notes due Nov. 2, 2009 linked to three indexes, according to an FWP filing with the Securities and Exchange Commission.

The reference indexes are the S&P 500 index, the Russell 2000 index and the Dow Jones Euro Stoxx 50 index.

Interest will be payable quarterly.

Credit Suisse may call the notes at par in whole, but not in part, on any interest payment date.

If the notes are not called early and any reference index closes at or below its knock-in level - 63% to 65% of its initial level - during the life of the notes, the payout at maturity will be par times the performance of the worst-performing index, capped at a payout of par.

If the notes are held to maturity and no such knock-in event occurs, the payout will be par.

The notes are expected to price on Oct. 28 and settle on Oct. 31.

Credit Suisse Securities (USA) LLC is the underwriter.

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