Bond Swiss Credit (New York Branch) 5.3% ( US22546QAC15 ) in USD

Swiss Credit (New York Branch)

100 % ⇌

Switzerland

US22546QAC15 ( in USD )

5.3% per year ( payment 2 times a year)

13/08/2019 - Bond has expired

Prospectus brochure of the bond Credit Suisse (New York Branch) US22546QAC15 in USD 5.3%, expired

100 000 USD

2 000 000 000 USD

22546QAC1

N/A

Credit Suisse (New York Branch) is a subsidiary of Credit Suisse Group AG, offering a range of financial services including investment banking, wealth management, and asset management to clients in the United States.

Credit Suisse (New York Branch) USD 2,000,000,000 5.3% Notes due August 13, 2019 (CUSIP: 22546QAC1, ISIN: US22546QAC15) have matured and been repaid at 100% of face value.

Page 1 of 132
424B2 1 a2194088z424b2.htm 424B2
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Table of Contents

Calculation of the Registration Fee

Title of Each Class of
Maximum Aggregate
Amount of
Securities Offered
Offering Price
Registration Fee(1)

5.3% Senior Notes due 2019
$2,000,000,000
$111,600

(1)
The filing fee of $111,600 is calculated in accordance with Rule 457(r) of the Securities Act of 1933. The registration
fee of $111,600 due for this offering is offset against the $243,675.77 remaining of the fees most recently paid on
June 26, 2009, of which $132,075.77 remains available for future registration fees. No additional registration fee has
been paid with respect to this offering.
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Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-158199-10
PRICING SUPPLEMENT TO PROSPECTUS SUPPLEMENT DATED
MARCH 25, 2009 TO PROSPECTUS DATED MARCH 25, 2009
$2,000,000,000
Credit Suisse,
acting through its New York Branch
5.3% Senior Notes due 2019
Credit Suisse, a corporation organized under the laws of, and duly licensed as a bank in, Switzerland, which we refer to
as the "Bank," acting through its New York branch, which we refer to as the "Branch," is offering its 5.3% Senior Notes due
2019, which we refer to as the "Notes."
We will pay interest on the Notes each February 13 and August 13. The first interest payment on the Notes will be made
on February 13, 2010.
We may redeem the Notes upon the occurrence of certain tax events at the principal amount of the Notes being
redeemed plus accrued interest. There is no sinking fund for the Notes.
The Notes will not be listed or displayed on any securities exchange or included in any interdealer market quotation
system.
The Notes will be our unsecured obligations and will rank prior to all of our subordinated indebtedness and on an equal
basis with all of our other senior unsecured indebtedness as described herein.
Underwriting
Price to
Discounts and
Proceeds to

Public(1)
Commissions
the Bank(1)
Per Note
99.916%
0.45%
99.466%

Total
$1,998,320,000
$9,000,000
$1,989,320,000
(1)
Plus accrued interest, if any, from August 13, 2010.
The Notes are not deposit liabilities and are not insured by the Federal Deposit Insurance Corporation or any other
governmental agency of the United States, Switzerland or any other jurisdiction. The Notes do not have the benefit of any
agency or governmental guarantee.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined if this pricing supplement or the prospectus supplement or prospectus
to which it relates is truthful or complete. Any representation to the contrary is a criminal offense.
Delivery of the Notes in book-entry form will be made through The Depository Trust Company, which we refer to as
"DTC," on or about August 13, 2009. You may elect to hold interests in the Notes through either DTC (in the United States),
or Clearstream Banking, société anonyme, which we refer to as "Clearstream, Luxembourg," or Euroclear Bank, S.A./N.V.,
or its successor, as operator of the Euroclear System, which we refer to as "Euroclear" (outside of the United States), if you
are participants of such systems, or indirectly through organizations which are participants in such systems. Interests held
through Clearstream, Luxembourg and Euroclear will be recorded on DTC's books as being held by the U.S. depositary for
each of Clearstream, Luxembourg and Euroclear, which U.S. depositaries will in turn hold interests on behalf of their
participants' customers' securities accounts.
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Credit Suisse
BofA Merrill Lynch

BB&T Capital Markets
BNY Mellon Capital Markets, LLC
Citi

Comerica Securities
DZ Financial Markets LLC
Fifth Third Securities, Inc.

KeyBanc Capital Markets
Morgan Keegan & Company, Inc.
Popular Securities

RBC Capital Markets
SunTrust Robinson Humphrey
U.S. Bancorp Investments, Inc.

Wells Fargo Securities

Aladdin Capital LLC
MFR Securities, Inc.
Ramirez & Co., Inc.
Trilon International Inc.
The date of this pricing supplement is August 10, 2009
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In this pricing supplement, unless otherwise specified or the context otherwise requires, references to "we," "us," "our"
and the "Bank" are to Credit Suisse, references to the "Branch" are references to the Bank's New York branch and references
to the "Group" are to Credit Suisse Group AG.
You should rely only on the information contained in this pricing supplement and the accompanying prospectus
supplement and prospectus or to which we refer you. We have not authorized anyone to provide you with information
that is different. This pricing supplement and the accompanying prospectus supplement and prospectus may only be
used where it is legal to sell the Notes. You should assume that the information in this pricing supplement and the
accompanying prospectus supplement and prospectus is accurate as of the date of this pricing supplement only.
The Bank, acting through the Branch, is offering the Notes globally for sale in those jurisdictions in the United States,
Europe, Asia and elsewhere where it is lawful to make such offers. The distribution of this pricing supplement and the
accompanying prospectus supplement and prospectus and the offering of the Notes in some jurisdictions may be restricted by
law. If you possess this pricing supplement and the accompanying prospectus supplement and prospectus, you should find
out about and observe these restrictions. This pricing supplement and the accompanying prospectus supplement and
prospectus are not an offer to sell the Notes and are not soliciting an offer to buy the Notes in any jurisdiction where the offer
or sale is not permitted or where the person making the offer or sale is not qualified to do so or to any person to whom it is
not permitted to make such offer or sale. We refer you to the information under "Underwriting" in this pricing supplement
and under "Plan of Distribution" in the accompanying prospectus supplement.
Unless otherwise specified or the context otherwise requires, references in this pricing supplement to "Swiss francs" or
"CHF" are to the lawful currency of Switzerland and references to "dollars" or "$" are to the lawful currency of the United
States. The exchange rate between the Swiss franc and the dollar on August 7, 2009 was CHF 1.0826 = $1.00.
The Bank's and the Group's consolidated financial statements and other consolidated financial information, which are
incorporated by reference into this pricing supplement and the accompanying prospectus supplement and prospectus, have
been prepared in accordance with accounting principles generally accepted in the United States of America, which we refer to
as U.S. GAAP. The Bank's and the Group's consolidated financial statements are stated in Swiss francs.
ii
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USE OF PROCEEDS
The net proceeds from this offering will be approximately $1,989,070,000 after deducting underwriting discounts and
commissions and certain offering expenses. We intend to use the net proceeds for our general corporate purposes, which may
include the refinancing of existing debt, outside Switzerland.

RATIO OF EARNINGS TO FIXED CHARGES
The table below sets forth the Bank's ratio of earnings to fixed charges for the periods indicated.
Six Months

Ended
Year Ended December 31,
June 30,

2009
2008
2007
2006 2005 2004
Ratio of Earnings to Fixed Charges(1)
1.39 0.69(2)
1.13
1.21
1.13
1.27(3)
(1)
For purposes of calculating the ratio of earnings to fixed charges, earnings consist of income/loss from continuing
operations before taxes, extraordinary items, cumulative effect of changes in accounting principles and noncontrolling
interests less income from investments in associates plus fixed charges. Fixed charges for these purposes consist of
(a) interest expense, (b) a portion of premises and real estate expenses, deemed representative of the interest factor
and (c) preferred dividend requirements in connection with preferred securities of subsidiaries.

(2)
The deficiency in the coverage of fixed charges by earnings before fixed charges was CHF 12,362 million for the year
ended December 31, 2008.

(3)
Based on the combined statements of operations of Credit Suisse, which represent the combined statements of
operations of the former Credit Suisse First Boston and Credit Suisse, which were merged in May 2005, with Credit
Suisse First Boston as the surviving entity (the name of which was changed to Credit Suisse).
PS-1
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DESCRIPTION OF THE NOTES
The following description of the terms of the Notes supplements the description of the general terms and provisions of
the debt securities set forth under the heading "Description of Notes" in the accompanying prospectus supplement and under
the heading "Description of Debt Securities" in the accompanying prospectus, to which description you should refer. Such
general terms and provisions as supplemented hereby apply to the Notes. If there are any differences between this pricing
supplement and the accompanying prospectus supplement or prospectus, this pricing supplement will prevail.
General
The Notes will be issued under a senior indenture, dated as of March 29, 2007, as supplemented by a second
supplemental indenture, dated as of March 25, 2009, in each case between the Bank and The Bank of New York Mellon
(formerly known as The Bank of New York) (together, the "indenture"). The following summaries of certain provisions of
the indenture do not purport to be complete, and are subject to, and are qualified in their entirety by reference to, all the
provisions of the indenture, including the definitions in the indenture of certain terms.
We may, acting through the Branch and without consent of the holders of the Notes, increase the principal amount of the
Notes on the same terms and conditions and with the same CUSIP number as the Notes being offered hereby, as more fully
described in "--Further Issues" below.
The Notes will constitute our unsecured obligations and will rank prior to all of our subordinated indebtedness and on an
equal basis with all of our other senior unsecured indebtedness.
We may redeem the Notes upon the occurrence of certain tax events at the principal amount of the Notes being
redeemed plus accrued interest, as more fully described under the heading "Description of Debt Securities--Tax
Redemption" in the accompanying prospectus. There is no sinking fund for the Notes.
The Notes will not be listed or displayed on any securities exchange or included in any interdealer market quotation
system.
"Business Day" with respect to the Notes means any day that is not a Saturday or Sunday and that is not a day on which
banking institutions are generally authorized or obligated by law, regulation or executive order to close in The City of New
York or any other place of payment with respect to the Notes.
The Notes are being issued in an aggregate principal amount of $2,000,000,000 and will mature on August 13, 2019 (the
"Maturity Date"). The Notes will be issued in the form of one or more fully registered global securities in denominations of
$100,000 and integral multiples of $1,000 in excess thereof.
Interest Payments on the Notes
The Notes will bear interest at a fixed rate of 5.3% per annum. Interest on the Notes will begin to accrue on August 13,
2009.
We will pay interest on the Notes on February 13 and August 13 of each year beginning on February 13, 2010 (each, an
"Interest Payment Date"), to holders of record of the Notes as they appear on the securities register of the Bank at the close of
business on the corresponding record date. The "record date" for the Notes will be, for so long as the Notes are in the form of
global certificates, three Business Days prior to the relevant Interest Payment Date and, in the event that any Notes are not
represented by one or more global certificates, the fifteenth day (whether or not a Business Day) prior to the relevant Interest
Payment Date. Interest payable on the Maturity Date or upon redemption will be paid to the same persons to whom principal
of the Notes is payable.
PS-2
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Interest periods will begin on and include each Interest Payment Date and end on but exclude the next succeeding
Interest Payment Date, except that the initial interest period will begin on and include the issue date of the Notes and end on
but exclude the first Interest Payment Date. Each such period in respect of which interest is payable is an "Interest Period."
Interest on the Notes will be calculated on the basis of a 360-day year comprised of twelve 30-day months.
If an Interest Payment Date (or the Maturity Date or any redemption date) would fall on a day that is not a Business
Day, payment of interest or principal otherwise payable on such date shall not be made on such date, but shall be made the
next succeeding Business Day with the same force and effect as if made on the Interest Payment Date or on the Maturity Date
or any redemption date, and no interest shall accrue for the period from and after the Interest Payment Date or the Maturity
Date or any redemption date to such next succeeding Business Day.
Payment of Additional Amounts
All payments of principal and interest in respect of the Notes by the Bank will be made without withholding or
deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature
imposed or levied by or on behalf of Switzerland or the United States, any political subdivision thereof or any authority
therein or thereof having the power to tax, unless the withholding or deduction of such taxes, duties, assessments or
governmental charges is required by law. In that event, the Bank will pay such additional amounts as may be necessary in
order that the net amounts received by holders of the Notes after such withholding or deduction shall equal the amounts that
would have been receivable in respect of the Notes in the absence of such withholding or deduction, subject to customary
exceptions.
Further Issues
The Bank may from time to time, acting through the Branch and without notice to or the consent of the holders of the
Notes, create and issue further notes having the same terms and ranking pari passu with the Notes offered by this pricing
supplement in all respects (or in all respects except for the payment of interest accruing prior to the issue date of such further
notes or except for the first payment of interest following the issue date of such further notes or the initial interest accrual
date thereof). Such further notes will be consolidated and form a single issue with the Notes being offered by this pricing
supplement and will, except as aforesaid, have the same terms as to status, redemption or otherwise as the Notes being
offered by this pricing supplement, and payments on such further notes in liquidation will be made pro rata.
PS-3
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UNDERWRITING
Under the terms and subject to the conditions contained in a distribution agreement dated May 7, 2007, incorporated by
reference in a terms agreement dated August 10, 2009 (collectively the "Distribution Agreement"), we have agreed to sell to
the underwriters named below, for whom Credit Suisse Securities (USA) LLC is acting as representative, the principal
amount of the Notes set forth opposite the underwriter's name:
Credit Suisse Securities (USA) LLC
$1,840,000,000
Banc of America Securities LLC
10,000,000
BB&T Capital Markets, a division of Scott & Stringfellow, LLC
10,000,000
BNY Mellon Capital Markets, LLC
10,000,000
Citigroup Global Markets Inc.
10,000,000
Comerica Securities, Inc.
10,000,000
DZ Financial Markets LLC
10,000,000
Fifth Third Securities, Inc.
10,000,000
KeyBanc Capital Markets Inc.
10,000,000
Morgan Keegan & Company, Inc.
10,000,000
Popular Securities, Inc.
10,000,000
RBC Capital Markets Corporation
10,000,000
SunTrust Robinson Humphrey, Inc.
10,000,000
U.S. Bancorp Investments, Inc.
10,000,000
Wells Fargo Securities LLC
10,000,000
Aladdin Capital LLC
5,000,000
MFR Securities Inc.
5,000,000
Samuel A. Ramirez & Company, Inc.
5,000,000
Trilon International Inc.
5,000,000

Total
$2,000,000,000

The distribution agreement provides that the underwriters are obligated to purchase all of the Notes if any are purchased.
The underwriters propose to offer the Notes initially at the public offering price on the cover page of this pricing
supplement and to selling group members at that price less a selling concession of 0.300% per Note. The underwriters and
selling group members may allow a discount of 0.125% per Note on sales to other broker/dealers. After the public offering,
the underwriters may change the public offering price and concession and discount to broker/dealers.
We estimate that our out-of-pocket expenses for this offering will be $250,000.
In the ordinary course of business, certain of the underwriters and their affiliates have provided financial advisory,
investment banking and general financing and banking services for us and our affiliates for customary fees.
We have agreed to indemnify the underwriters against liabilities under the U.S. Securities Act of 1933, as amended, or
contribute to payments that the underwriters may be required to make in that respect.
In connection with the offering, the underwriters may engage in stabilizing transactions, over-allotment transactions,
syndicate covering transactions, and penalty bids in accordance with Regulation M under the U.S. Securities Exchange Act of
1934, as amended (the "Exchange Act").
·
Stabilizing transactions permit bids to purchase the Notes so long as the stabilizing bids do not exceed a
specified maximum.
PS-4
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·
Over-allotment involves sales by the underwriters of Notes in excess of the aggregate principal amount of
Notes the underwriters are obligated to purchase, which creates a syndicate short position.

·
Syndicate covering transactions involve purchases of Notes in the open market after the distribution has been
completed in order to cover syndicate short positions.

·
Penalty bids permit the representative to reclaim a selling concession from a syndicate member when the
Notes originally sold by the syndicate member are purchased in a stabilizing or syndicate covering transaction
to cover syndicate short positions.
These stabilizing transactions, syndicate covering transactions and penalty bids may have the effect of raising or
maintaining the market price of the Notes or preventing or retarding a decline in the market price of the Notes. As a result,
the price of the Notes may be higher than the price that might otherwise exist in the open market. These transactions, if
commenced, may be discontinued at any time.
PS-5
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INCORPORATION BY REFERENCE
We file annual and current reports and other information with the Securities and Exchange Commission. For
information on the documents we incorporate by reference in this pricing supplement and the accompanying prospectus
supplement and prospectus, we refer you to "Incorporation by Reference" on page S-9 of the accompanying prospectus
supplement and "Where You Can Find More Information" on page 2 of the accompanying prospectus.
We incorporate by reference in this pricing supplement the following documents and any future documents that we file
with the Securities and Exchange Commission under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act from the date of
this pricing supplement until the offering of the securities is completed:
·
the combined Annual Report on Form 20-F of the Group and us for the year ended December 31, 2008
relating to us as described therein; and

·
our Current Reports on Form 6-K filed on March 25, 2009, April 24, 2009, April 27, 2009, May 7, 2009,
May 8, 2009, June 1, 2009, June 24, 2009, June 26, 2009, July 24, 2009, August 6, 2009, August 7, 2009 and
August 10, 2009.
PS-6
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