Credit Suisse to sell 7.25%-10% callable yield notes linked to iShares MSCI EM, Russell 2000, S&P 500

By Susanna Moon

Chicago, Nov. 2 - Credit Suisse, Nassau Branch plans to price callable yield notes due Dec. 3, 2010 linked to the iShares MSCI Emerging Markets index fund, Russell 2000 index and S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The coupon will be 7.25% to 10% per year, payable quarterly, with the exact rate to be set at pricing.

The payout at maturity will be par unless any of the underlyings falls to or below its knock-in level - 55% 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, capped at a maximum payout of par.

The notes will be callable at par plus accrued interest on any interest payment date beginning June 3, 2010.

The notes are expected to price on Nov. 30 and settle on Dec. 3.

Credit Suisse Securities (USA) LLC is the underwriter.

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