New Issue: Credit Suisse sells $4.09 million 7% callable yield notes tied to S&P 500, Russell 2000

By Jennifer Chiou

New York, Oct. 2 - Credit Suisse, Nassau Branch priced $4.09 million of 7% callable yield notes due Oct. 5, 2010 linked to the Russell 2000 and S&P 500 indexes, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par plus accrued interest on any interest payment date beginning April 5, 2010.

If the notes are not called, the payout at maturity will be par unless either index falls to or below its knock-in level - 55% of its initial level- during the life of the notes, in which case investors will receive par plus the return of the worst-performing index, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse, Nassau Branch
Issue:	Callable yield notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$4.09 million
Maturity:	Oct. 5, 2010
Coupon:	7%, payable quarterly
Price:	Par
Payout at maturity:	If either index falls to or below its knock-in level during the life of the notes, par plus the return of the worst-performing index, capped at par; otherwise, par
Call option:	At par plus accrued interest on any interest payment date beginning April 5, 2010
Initial level:	1,057.08 for S&P; 604.28 for Russell
Knock-in levels:	604.28 for S&P; 332.354 for Russell; or 55% of initial levels
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1%

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