New Issue: Credit Suisse sells $2.42 million 13% callable yield notes on Russell 2000, S&P 500

By Susanna Moon

Chicago, April 28 - Credit Suisse, Nassau Branch priced $2.42 million of 13% callable yield notes due April 30, 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.

If the notes are not called, the payout at maturity will be par unless either index falls to or below its knock-in level - 60% 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:	$2,415,000
Maturity:	April 30, 2010
Coupon:	13%, 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
Initial index levels:	469.53 for Russell 2000 and 857.51 for S&P 500
Knock-in levels:	281.718 for Russell 2000 and for 514.506 S&P 500; or 60% of initial levels
Pricing date:	April 27
Settlement date:	April 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	None

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