New Issue: Credit Suisse prices $1.53 million 8% callable yield notes tied to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., Feb. 2 - Credit Suisse, Nassau Branch priced $1.53 million of 8% callable yield notes due Aug. 3, 2010 linked to the S&P 500 and Russell 2000 indexes, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable on April 3, 2010, June 3, 2010 and at maturity.

The notes are callable at par on any interest payment date.

If the notes are not called, the payout at maturity will be par unless either of the underlying indexes falls to or below its knock-in level - 75% 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:	S&P 500 and Russell 2000
Amount:	$1.53 million
Maturity:	Aug. 3, 2010
Coupon:	8%, payable on April 3, 2010, June 3, 2010 and at maturity
Price:	Par
Payout at maturity:	If either index falls to or below knock-in level during life of notes, par plus return of worst-performing index, capped at par; otherwise, par
Call option:	At par on any interest payment date
Initial levels:	1,073.87 for S&P and 602.04 for Russell
Knock-in levels:	805.4025 for S&P and 451.53 for Russell; 75% of initial levels
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22546ERC0

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