Credit Suisse to sell 90% protected ProNotes tied to four currencies

By Jennifer Chiou

New York, Oct. 1 - Credit Suisse, Nassau Branch plans to price zero-coupon 90% principal-protected ProNotes due Oct. 31, 2011 linked to the performance of a basket of four currencies against the dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Australian dollar, Brazilian real, Canadian dollar and Norwegian krone.

The payout at maturity will be par plus 105% to 115% of any basket gain. The exact upside participation rate will be set at pricing.

Investors will receive at least 90% of par.

The notes are expected to price on Oct. 27 and settle on Oct. 30.

Credit Suisse Securities (USA) LLC is the underwriter.

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