Credit Suisse plans 8%-10% callable yield notes linked to Market Vectors Gold Miners, S&P 500

By Jennifer Chiou

New York, April 1 - Credit Suisse, Nassau Branch plans to price 8% to 10% callable yield notes due May 5, 2011 linked to the S&P 500 index and the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout at maturity will be par unless either underlying component 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, capped at a maximum payout of par.

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

The notes are expected to price April 30 and settle May 5.

Credit Suisse Securities (USA) LLC is the underwriter.

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