New Issue: Credit Suisse sells $380,000 7.5% callable yield notes on S&P, Russell 2000

By Susanna Moon

Chicago, May 4 - Credit Suisse, Nassau Branch priced $380,000 of 7.5% callable yield notes due May 5, 2011 based on the performance of the S&P 500 index and Russell 2000 index, 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 on Nov. 5, 2010.

The payout at maturity will be par unless either index falls to or below its knock-in level - 75% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing index, 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 indexes:	S&P 500 index and Russell 2000 index
Amount:	$380,000
Maturity:	May 5, 2011
Coupon:	7.5%, payable quarterly
Price:	Par
Payout at maturity:	If either index falls to or below its knock-in level during the life of the notes, par plus the return of the worst-performing index, capped at par; otherwise, par
Call option:	At par on interest payment dates
Initial levels:	1,186.69 for S&P; 716.60 for Russell
Knock-in levels:	890.0175 for S&P; 537.45 for Russell; 75% of initial levels
Pricing date:	April 30
Settlement date:	May 5
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22546ETY0

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