New Issue: Credit Suisse prices upsized $1.4 billion 7.9% perpetual capital notes at par of $25

By Andrea Heisinger

Omaha, March 25 - Credit Suisse, acting through its Guernsey branch, priced an upsized $1.4 billion of 7.9% perpetual Tier 1 capital notes at par of $25, an informed source said.

The issue (Aa3/A/A+) was increased from $300 million. The number of notes rose to 56 million from 12 million.

The issue came at the tight end of talk, which was in the area of 8%.

The notes are non-callable for five years.

Bookrunners were Credit Suisse Securities LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Inc. and Wachovia Capital Securities LLC.

Co-managers were UBS Investment Bank, Morgan Stanley & Co. Inc., Barclays Capital Inc., RBC Capital Markets, Deutsche Bank Securities Inc., Goldman Sachs & Co. and J.P. Morgan Securities Inc.

The bank is based in Zurich.

Issuer:	Credit Suisse, acting through its Guernsey branch
Issue:	Tier 1 capital notes
Amount:	$1.4 billion, increased from $300 million
Notes:	56 million at $25 par, increased from 12 million
Maturity:	Perpetual
Bookrunners:	Credit Suisse Securities LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Wachovia Capital Securities LLC
Co-managers:	UBS Investment Bank, Morgan Stanley & Co. Inc., Barclays Capital Inc., RBC Capital Markets, Deutsche Bank Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities Inc.
Dividend:	7.9%
Price:	Par of $25
Call:	Non-callable until March 28, 2013
Trade date:	March 25
Settlement date:	April 1
Price talk:	8% area
Ratings:	Moody's: Aa3
	Standard & Poor's: A
	Fitch: A+

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