Credit Suisse to price contingent participation knock-out notes linked to S&P 500 via JPMorgan

By E. Janene Geiss

Philadelphia, Sept. 23 - Credit Suisse, Nassau branch plans to price contingent upside participation knock-out notes due Oct. 1, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA will be the agents.

A knock-out event will occur if the fund closes at or above 130% of its initial level.

At maturity, the notes will pay par plus any positive index return unless a knock-out event occurs.

If a knock-out event occurs, the payout at maturity will be par plus the fixed payment of 7.5%.

The notes are expected to price Sept. 26 and settle Oct. 1.

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