New Issue: Credit Suisse prices $5 million index knock-out notes linked to S&P 500 via JPMorgan

By Angela McDaniels

Tacoma, Wash., July 15 - Credit Suisse, Nassau Branch priced $5 million of 0% index knock-out notes due Jan. 19, 2011 linked to the S&P 500 index, 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 2.35%.

Issuer:	Credit Suisse, Nassau Branch
Issue:	Index knock-out notes
Underlying index:	S&P 500
Amount:	$5 million
Maturity:	Jan. 19, 2011
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 2.35% and index return
Initial index level:	901.05
Pricing date:	July 13
Settlement date:	July 16
Agents:	J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA
Fees:	1%

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