Credit Suisse plans 9%-11% callable yield notes linked to S&P 500, Market Vectors Gold Miners

By Angela McDaniels

Tacoma, Wash., April 29 - Credit Suisse, Nassau Branch plans to price callable yield notes due Dec. 2, 2010 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.

The notes will carry an annualized coupon of 9% to 11%, with the exact rate to be set at pricing. Interest will be payable on Aug. 2, Oct. 2 and at maturity.

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

The notes will be callable at par on any interest payment date.

The notes are expected to price May 25 and settle May 28.

Credit Suisse Securities (USA) LLC is the underwriter.

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