Credit Suisse to sell 11% callable yield notes on Freeport-McMoRan, Market Vectors Agribusiness

By Susanna Moon

Chicago, March 5 - Credit Suisse, Nassau Branch plans to price 11% callable yield notes due April 5, 2011 based on Freeport-McMoRan Copper & Gold Inc. shares and the Market Vectors Agribusiness exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless either underlying component falls to or below its knock-in level - 65% 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 component, capped at a maximum payout of par.

The notes will be callable at par plus accrued interest on any interest payment date beginning Oct. 5, 2010.

The notes are expected to price on March 31 and settle on April 6.

Credit Suisse Securities (USA) LLC will be the underwriter.

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