New Issue: Credit Suisse prices $755,000 index knock-out notes linked to S&P GSCI Crude Oil index

By Angela McDaniels

Tacoma, Wash., Aug. 31 - Credit Suisse, Nassau Branch priced $755,000 of 0% index knock-out notes due Oct. 1, 2010 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

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

If the index closes below the knock-out level - 70% of the initial index level - on any day during the life of the notes, the payout at maturity will be par plus the index return. Otherwise, the payout will be par plus the greater of the index return and 9%.

In both cases, the payout is subject to a maximum return of 36%.

Issuer:	Credit Suisse, Nassau Branch
Issue:	Index knock-out notes
Underlying index:	S&P GSCI Crude Oil Index Excess Return
Amount:	$755,000
Maturity:	Oct. 1, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	If index ever falls below 70% of initial level, par plus index return; otherwise, par plus greater of 9% and index return; payout capped at 136% of par in either case
Initial index level:	532.7308
Pricing date:	Aug. 28
Settlement date:	Sept. 2
Agents:	J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA
Fees:	1%

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