New Issue: Credit Suisse prices $218,000 of 15.5% callable yield notes linked to Apple, Microsoft

By Jennifer Chiou

New York, Nov. 3 - Credit Suisse, Nassau Branch priced $218,000 of 15.5% callable yield notes due Nov. 4, 2010 linked to the common stock of Apple Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless either stock falls to or below its knock-in level - 70% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing underlying stock, capped at a maximum payout of par.

The notes will be callable at par plus accrued interest on any interest payment date beginning on May 4, 2010.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse, Nassau Branch
Issue:	Callable yield notes
Underlying stocks:	Apple Inc. (Symbol: AAPL), Microsoft Corp. (Symbol: MSFT)
Amount:	$218,000
Maturity:	Nov. 4, 2010
Coupon:	15.5%, payable quarterly
Price:	Par
Payout at maturity:	If either stock falls to or below its knock-in level during the life of the notes, par plus the return of the worst-performing stock, capped at par; otherwise, par
Call option:	At par plus accrued interest on any interest payment date beginning May 4, 2010
Initial prices:	$188.50 for Apple; $27.73 for Microsoft
Knock-in levels:	$131.95 for Apple; $19.411 for Microsoft, 70% of initial levels
Pricing date:	Oct. 30
Settlement date:	Nov. 4
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.75%

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