Credit Suisse to price 7.5% callable yield notes linked to S&P 500, iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Oct. 1 - Credit Suisse, Nassau Branch plans to price callable yield notes due May 1, 2009 linked to the S&P 500 index and iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will carry a coupon of at least 7.5%, with the exact rate to be set at pricing. Interest will be payable monthly.

If either underlying component falls below its knock-in level - 75% to 77.5% of its initial level - during the life of the notes, the payout at maturity will be par plus the return of the worst-performing underlying component, capped at a maximum payout of par. If each underlying component remains at or above its knock-in level, the payout will be par.

The notes will be callable at par plus accrued interest on Jan. 31, 2009.

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

Credit Suisse Securities (USA) LLC will be the underwriter.

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