New Issue: Credit Suisse sells $2.31 million 9% callable yield notes on S&P, Market Vectors Gold

By Susanna Moon

Chicago, April 1 - Credit Suisse, Nassau Branch priced $2.31 million of 9% callable yield notes due April 5, 2011 based on the performance of the S&P 500 index and Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any interest payment date beginning Oct. 5, 2010.

The payout at maturity will be par unless either of the underlying components falls to or below its knock-in level - 60% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse, Nassau Branch
Issue:	Callable yield notes
Underlying components:	S&P 500 index and Market Vectors Gold Miners exchange-traded fund
Amount:	$2,306,000
Maturity:	April 5, 2011
Coupon:	9%, payable quarterly
Price:	Par
Payout at maturity:	If either component falls to or below its knock-in level during the life of the notes, par plus the return of the worst-performing component, capped at par; otherwise, par
Call option:	At par on interest payment dates from Oct. 5, 2010 onward
Initial levels:	1,169.43 for S&P; $44.41 for Market Vectors Gold
Knock-in levels:	701.658 for S&P; $26.646 for Market Vectors Gold; 60% of initial levels
Pricing date:	March 31
Settlement date:	April 6
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.25%
Cusip:	22546ESV7

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