Credit Suisse to price 12% callable yield notes linked to financial stock basket

By Angela McDaniels

Tacoma, Wash., June 16 - Credit Suisse, Nassau Branch plans to price 12% callable yield notes due June 30, 2009 linked to the common stocks of Bank of America Corp., Goldman Sachs Group, Inc. and JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout at maturity will be par unless any stock falls to or below its knock-in level during the life of the notes and the lowest-performing stock finishes below its initial share price, in which case investors will be fully exposed to the decline in the lowest-performing stock. The knock-in level for each stock will be 52% to 56% of its initial share price, with the exact levels to be set at pricing.

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

The notes are expected to price on June 23 and settle on June 30.

Credit Suisse Securities (USA) LLC will be the underwriter.

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