New Issue: Credit Suisse prices $2.63 million 15% callable yield notes linked to Russell 2000, S&P 500

By Angela McDaniels

Tacoma, Wash., June 2 - Credit Suisse, Nassau Branch priced $2.63 million of 15% callable yield notes due June 3, 2010 linked to the Russell 2000 and S&P 500 indexes, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If either index falls to or below its knock-in level - 65% of its initial level - during the life of the notes, the payout at maturity will be par plus the return of the worst-performing index, capped at a maximum payout of par. If each index remains above its knock-in level, the payout will be par.

The notes are callable at par on any interest payment date.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse, Nassau Branch
Issue:	Callable yield notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$2,634,000
Maturity:	June 3, 2010
Coupon:	15%, 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 a maximum payout of par; otherwise, par
Call option:	At par on any interest payment date
Initial index levels:	501.58 for Russell 2000 and 919.14 for S&P 500
Knock-in levels:	326.027 for Russell 2000 and 597.441 for S&P 500; 65% of initial levels
Pricing date:	May 29
Settlement date:	June 3
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	None

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