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Pricing Supplement No. C3
To the Prospectus dated March 29, 2007
Prospectus Supplement dated March 24, 2008
Underlying Supplement dated October 1, 2008 and
Product Supplement 5B dated September 23, 2008		   Filed Pursuant to Rule 424(b)2
Registration Statement No. 333-132936-14
December 23, 2008

Credit Suisse

GRAPHIC   Credit Suisse
$509,000
Principal Protected Upside Knock-Out Notes Linked to the S&P 500® Index due December 29, 2011

General

•
The notes are designed for investors who desire full principal protection, subject to the credit of the Issuer, and who wish to participate in up to 65.00% of the appreciation in the S&P 500® Index (the "Index") over the term of the notes. Investors should be willing to forgo interest and dividend payments, and receive a fixed payment of 12.50% if the Index appreciates more than 65.00%, based on its closing level, during the Monitoring Period or receive no return if there is no Knock-Out Event and no appreciation in the Index during the Monitoring Period.
•
Senior unsecured obligations of Credit Suisse, acting through its Nassau Branch, maturing December 29, 2011†.
•
Minimum denominations of $1,000 and integral multiples thereof.
•
The notes priced on December 23, 2008 ("Trade Date") and are expected to settle on December 29, 2008. Delivery of the securities in book-entry form only will be made through The Depository Trust Company.

Key Terms

Issuer:   Credit Suisse, acting through its Nassau Branch (Standard & Poor's A+, Moody's Aa1)††
Index:   The S&P 500® Index (the "Index"). For more information on the Index see "The S&P 500® Index" in the accompanying underlying supplement.
Payment at Maturity:   At maturity, you will receive a cash payment, for each $1,000 principal amount note, of $1,000 plus the Additional Amount, which may be zero.
Additional Amount:   •   If a Knock-Out Event does not occur during the Monitoring Period, the Additional Amount per $1,000 principal amount note will equal:
        •   if the Final Level is greater than the Initial Level, $1,000 multiplied by the Index Return, calculated as set forth below:
    Final Level – Initial Level
Initial Level
        •   if the Final Level is less than or equal to the Initial Level, zero.
    •   If a Knock-Out Event does occur during the Monitoring Period, the Additional Amount will equal the Fixed Payment.
Knock-Out Event:   A Knock-Out Event occurs if, on any trading day during the Monitoring Period, the closing level of the Index is greater than the Knock-Out Level.
Knock-Out Level:   1424.214
Monitoring Period:   The period from but excluding the Trade Date to and including the Valuation Date.
Fixed Payment:   12.50%, or $125 per $1,000 principal amount note.
Initial Level:   863.16
Final Level:   The closing level of the Index on the Valuation Date.
Valuation Date†:   December 22, 2011
Maturity Date†:   December 29, 2011
CUSIP:   22546EEG5

†    Subject to postponement in the event of a market disruption event as described in the accompanying product supplement under "Description of the Securities—Market disruption events."

††    A credit rating is not a recommendation to buy, sell, or hold the notes, and may be subject to revision or withdrawal at any time by the assigning rating agency. Each credit rating should be evaluated independently of any other credit rating. Any rating assigned to notes issued by Credit Suisse, does not enhance, affect or address the likely performance of the notes other than the ability of the Issuer to meet its obligations.

Investing in the notes involves a number of risks. See "Risk Factors" beginning on page PS-2 of the accompanying product supplement, page IS-2 of the accompanying underlying supplement and "Selected Risk Considerations" beginning on page 3 of this pricing supplement.

Credit Suisse has filed a registration statement (including a prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this pricing supplement relates. You should read the prospectus in that registration statement and the other documents relating to this offering that Credit Suisse has filed with the SEC for more complete information about Credit Suisse and this offering. You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Credit Suisse or any agent or any dealer participating in this offering will arrange to send you the prospectus, prospectus supplement, product supplement, underlying supplement and this pricing supplement if you so request by calling 1-800-584-6837.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the notes or passed upon the accuracy or the adequacy of this pricing supplement or the accompanying product supplement, the prospectus supplement and the prospectus. Any representation to the contrary is a criminal offense.

 
 
   Price to Public
   Underwriting Discounts and Commissions
   Proceeds to Issuer
 
Per note   $1,000.00   $7.50   $992.50
 
Total   $509,000   $1,132.50   $507,867.50
 
†††
The securities will be sold with varying underwriting discounts of up to but not exceeding $7.50 per security, for total underwriting discounts of $1,132.50.

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. In addition, the notes are not guaranteed under the FDIC's Temporary Liquidity Guarantee Program.

CALCULATION OF REGISTRATION FEE

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

Notes

   $509,000   $20
 

Credit Suisse

December 23, 2008

ADDITIONAL TERMS SPECIFIC TO THE NOTES

You should read this pricing supplement together with the prospectus dated March 29, 2007, as supplemented by the prospectus supplement dated March 24, 2008, the product supplement dated September 23, 2008 and the underlying supplement dated October 1, 2008, relating to our Medium-Term Notes of which these notes are a part. You may access these documents on the SEC website at www.sec.gov as follows (or if such address has changed, by reviewing our filings for the relevant date on the SEC website):

    •
    Prospectus dated March 29, 2007:

Our Central Index Key, or CIK, on the SEC website is 1053092. As used in this pricing supplement, the "Company," "we," "us," or "our" refers to Credit Suisse.

This pricing supplement, together with the documents listed above, contains the terms of the notes and supersedes all other prior or contemporaneous oral statements as well as any other written materials including preliminary or indicative pricing terms, correspondence, trade ideas, structures for implementation, sample structures, brochures or other educational materials of ours. You should carefully consider, among other things, the matters set forth in "Risk Factors" in the accompanying product supplement and the accompanying underlying supplement, as the notes involve risks not associated with conventional debt securities. You should consult your investment, legal, tax, accounting and other advisers before deciding to invest in the notes.

1

Hypothetical Payment at Maturity for Each $1,000 Principal Amount Note

The following table illustrates the Payment at Maturity (including, where relevant, the payment of the Additional Amount) for a $1,000 principal amount note for a hypothetical range of performance for the Index and assumes a hypothetical Initial Level of 900 and reflects the Knock-Out Level of 165.00% which is equal to an Index level of 1485.00 and a Fixed Payment of $125 per $1,000 principal amount note. The following results are based solely on the assumptions stated above. You should consider carefully whether the notes are suitable to your investment goals. The numbers appearing in the following table and described above have been rounded for ease of analysis.

 
    
   A Knock-Out Event Does Not Occur
During the Monitoring Period 		  A Knock-Out Event Does Occur
During the Monitoring Period
Final
Level 		  Index
Return 		  Additional
Amount 		  Payment
at
Maturity 		  Additional
Amount 		  Payment
at
Maturity
1800.00   100.00%   N/A   N/A   $125.00   $1,125.00
1575.00   75.00%   N/A   N/A   $125.00   $1,125.00
1485.00   65.00%   $650.00   $1,650.00   $125.00   $1,125.00
1440.00   60.00%   $600.00   $1,600.00   $125.00   $1,125.00
1350.00   50.00%   $500.00   $1,500.00   $125.00   $1,125.00
1260.00   40.00%   $400.00   $1,400.00   $125.00   $1,125.00
1170.00   30.00%   $300.00   $1,300.00   $125.00   $1,125.00
1080.00   20.00%   $200.00   $1,200.00   $125.00   $1,125.00
990.00   10.00%   $100.00   $1,100.00   $125.00   $1,125.00
900.00   0.00%   $0.00   $1,000.00   $125.00   $1,125.00
810.00   -10.00%   $0.00   $1,000.00   $125.00   $1,125.00
720.00   -20.00%   $0.00   $1,000.00   $125.00   $1,125.00
630.00   -30.00%   $0.00   $1,000.00   $125.00   $1,125.00
540.00   -40.00%   $0.00   $1,000.00   $125.00   $1,125.00
450.00   -50.00%   $0.00   $1,000.00   $125.00   $1,125.00
360.00   -60.00%   $0.00   $1,000.00   $125.00   $1,125.00
270.00   -70.00%   $0.00   $1,000.00   $125.00   $1,125.00
180.00   -80.00%   $0.00   $1,000.00   $125.00   $1,125.00
90.00   -90.00%   $0.00   $1,000.00   $125.00   $1,125.00
0.00   -100.00%   $0.00   $1,000.00   $125.00   $1,125.00

Hypothetical Examples of Amounts Payable at Maturity

The following examples illustrate how the payments at maturity set forth in the table above are calculated.

Example 1: The Final Level is 1080, an increase of 20% from the Initial Level, and a Knock-Out Event does not occur during the Monitoring Period. Because the closing level of the Index was less than or equal to the Knock-Out Level on each trading day during the Monitoring Period, a Knock-Out Event has not occurred, the Additional Amount is equal to $200, and the final Payment at Maturity is equal to $1,200 per $1,000 principal amount note, calculated as follows:

$1,000 + [$1,000 × (1080 – 900)/900] = $1,200

2

Example 2: The Final Level is 1080, an increase of 20% from the Initial Level, and a Knock-Out Event occurs during the Monitoring Period. Because the closing level of the Index was greater than the Knock-Out Level on at least one trading day during the Monitoring Period, a Knock-Out Event has occurred, the Additional Amount is equal to the Fixed Payment of $125, notwithstanding the 20% appreciation of the Index, and the final Payment at Maturity is equal to $1,125 per $1,000 principal amount note, calculated as follows:

$1,000 + $125 = $1,125

Example 3: The Final Level is 720, a decrease of 20% from the Initial Level, and a Knock-Out Event occurs during the Monitoring Period. Because the closing level of the Index was greater than the Knock-Out Level on at least one trading day during the Monitoring Period, a Knock-Out Event has occurred, the Additional Amount is equal to the Fixed Payment of $125, notwithstanding the decrease in the Final Level compared to the Initial Level, and the final Payment at Maturity is equal to $1,125 per $1,000 principal amount note, calculated as follows:

$1,000 + $125 = $1,125

Example 4: The Final Level is 720, a decrease of 20% from the Initial Level, and a Knock-Out Event does not occur during the Monitoring Period. Because the Final Level of the Index was lower than the Initial Level of the Index and the closing level of the Index was less than or equal to the Knock-Out Level on each trading day during the Monitoring Period, the Additional Amount is equal to zero. The final Payment at Maturity per $1,000 principal amount note is the principal amount of $1,000.

Selected Purchase Considerations

    •
    PRESERVATION OF CAPITAL AT MATURITY — You will be entitled to receive at least 100% of the principal amount of your notes if you hold the notes to maturity, regardless of the performance of the Index. Because the notes are our senior unsecured obligations, payment of any amount at maturity is subject to our ability to pay our obligations as they become due.

    •
    RETURN LINKED TO THE S&P 500® INDEX — The return on the notes is linked to the S&P 500® Index. For additional information about the Index, see the information set forth under "The S&P 500® Index" in the accompanying underlying supplement.

    •
    CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS — Please refer to "Certain U.S. Federal Income Tax Considerations" in this pricing supplement for a discussion of certain U.S. federal income tax considerations for making an investment in the notes.

Selected Risk Considerations

An investment in the notes involves significant risks. Investing in the notes is not equivalent to investing directly in the Index or any of the component stocks of the Index. These risks are explained in more detail in the "Risk Factors" section of the accompanying product supplement and underlying supplement.

    •
    MARKET RISK — The return on the notes at maturity is linked to the performance of the Index, and will depend on whether a Knock-Out Event occurs and, if not, the appreciation of the Index during the term of the notes. YOU WILL RECEIVE NO MORE THAN THE PRINCIPAL AMOUNT OF YOUR NOTES AT MATURITY IF THE UNDERLYING RETURN IS NEGATIVE AND THE CLOSING LEVEL OF THE INDEX NEVER EXCEEDS THE KNOCK-OUT LEVEL ON ANY TRADING DAY DURING THE MONITORING PERIOD.

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    •
    THE NOTES MIGHT NOT PAY MORE THAN THE PRINCIPAL AMOUNT — You may receive a lower Payment at Maturity than you would have received if you had invested in the Index or the component stocks of the Index. If the closing level of the Index is greater than the Knock-Out Level on at least one trading day during the Monitoring Period, the Additional Amount will be equal to the Fixed Payment of $125. This will be true even if the closing level of the Index falls to or below the Knock-Out Level on the Valuation Date. If the closing level of the Index never exceeds the Knock-Out Level on any trading day during the Monitoring Period and the Final Level of the Index is equal to or less than the Initial Level of the Index, the Additional Amount will be equal to zero and you will receive only the principal amount of your notes at maturity.  

    •
    THE KNOCK-OUT FEATURE OF THE NOTES MAY LIMIT RETURNS — Your investment in the notes may not perform as well as an investment in a security with a return that is based solely on the performance of the Index. Your ability to participate in the appreciation of the Index may be limited by the "Knock-Out" feature of the notes. In the event that the closing level of the Index exceeds the Knock-Out Level on any trading day during the Monitoring Period, the Additional Amount will be equal to the Fixed Payment of $125 and the total cash payment at maturity for each $1,000 principal amount note will be $1,125. Under these circumstances, your return will not reflect any potential increase in the Final Level of the Index, as compared to the Initial Level of the Index.

    •
    NO INTEREST OR DIVIDEND PAYMENTS OR VOTING RIGHTS — As a holder of the notes, you will not receive interest payments, and you will not have voting rights or rights to receive cash dividends or other distributions or other rights that holders of stocks comprising the Index would have.

    •
    LACK OF LIQUIDITY — The notes will not be listed on any securities exchange. Credit Suisse (or its affiliates) intends to offer to purchase the notes in the secondary market but is not required to do so. Even if there is a secondary market, it may not provide enough liquidity to allow you to trade or sell the notes easily. Because other dealers are not likely to make a secondary market for the notes, the price at which you may be able to trade your notes is likely to depend on the price, if any, at which Credit Suisse (or its affiliates) is willing to buy the notes.

    •
    CERTAIN BUILT-IN COSTS ARE LIKELY TO ADVERSELY AFFECT THE VALUE OF THE NOTES PRIOR TO MATURITY — While the Payment at Maturity described in this pricing supplement is based on the full principal amount of your notes, the original issue price of the notes includes the agent's commission and the cost of hedging our obligations under the notes through one or more of our affiliates. As a result, the price, if any, at which Credit Suisse (or its affiliates), will be willing to purchase notes from you in secondary market transactions, if at all, will likely be lower than the original issue price, and any sale prior to the maturity date could result in a substantial loss to you. The notes are not designed to be short-term trading instruments. Accordingly, you should be able and willing to hold your notes to maturity.

    •
    POTENTIAL CONFLICTS — We and our affiliates play a variety of roles in connection with the issuance of the notes, including acting as calculation agent and hedging our obligations under the notes. In performing these duties, the economic interests of the calculation agent and other affiliates of ours are potentially adverse to your interests as an investor in the notes.

4

    •
    MANY ECONOMIC AND MARKET FACTORS WILL IMPACT THE VALUE OF THE NOTES — In addition to the level of the Index on any day, the value of the notes will be affected by a number of economic and market factors that may either offset or magnify each other, including:

      o
      the expected volatility of the Index;

      o
      the time to maturity of the notes;

      o
      the dividend rate on the common stocks underlying the Index;

      o
      interest and yield rates in the market generally;

      o
      economic, financial, political and regulatory or judicial events that affect the stocks underlying the Index or stock markets generally and which may affect the level of the Index; and

      o
      our creditworthiness, including actual or anticipated downgrades in our credit ratings.

Use of Proceeds and Hedging

We intend to use the proceeds of this offering for our general corporate purposes, which may include refinancing of existing debt outside of Switzerland. Some or all of the proceeds we receive from the sale of the notes may be used in connection with hedging our obligations under the notes through one or more of our affiliates. Such hedging or trading activities on or prior to the Trade Date and during the term of the notes (including on the Valuation Date) could adversely affect the value of the Index and, as a result, could decrease the amount you may receive on the notes at maturity. Please refer to "Use of Proceeds and Hedging" in the accompanying product supplement for further information.

5

Historical Information

The following graph sets forth the historical performance of the S&P 500® Index based on the Index closing levels from January 2, 2003 through December 23, 2008. The Index closing level on December 23, 2008 was 863.16. All information regarding the Index has been derived from publicly available information and has not been subject to independent verification for accuracy and completeness. The price source for determining the Final Level will be the Bloomberg page "SPX" or any successor page.

The historical levels of the Index should not be taken as an indication of future performance, and no assurance can be given as to the Index closing level on the Valuation Date. We cannot give you assurance that the performance of the Index will result in the return of any of your initial investment.

For further information on the S&P 500® Index, see "The S&P 500® Index" in the accompanying underlying supplement.

Historical Performance of the S&P 500® Index

GRAPHIC

Certain U.S. Federal Income Tax Considerations

The following is a summary of certain U.S. federal income tax considerations to U.S. holders (as described below) and certain U.S. federal income tax considerations to non-U.S. holders (as described below) relating to the purchase, ownership and disposition of the securities. This discussion is limited to holders of securities who purchase the securities in connection with their original issue from us at the "issue price" of the securities (as described below) and who hold the securities as capital assets.

This discussion does not contain a complete analysis of all the potential tax considerations relating to the purchase, ownership and disposition of the securities. In particular, this discussion does not address all tax considerations that may be important to you in light of your particular circumstances (such as the alternative minimum tax provisions) or under certain special rules. Special rules may apply, for instance, to certain financial institutions, insurance companies, tax-exempt organizations, U.S. holders whose functional currency for U.S. federal income tax purposes is not the United States dollar, dealers in securities, persons who hold securities as part of a hedge, conversion or constructive sale transaction, or straddle or other integrated or risk reduction transaction, or persons who have ceased to be United States citizens or to be taxed as resident aliens. In addition, the discussion does not apply to holders of securities that are partnerships. This discussion also does not address the tax consequences arising under the laws of any foreign, state or local jurisdiction.

6

This discussion is based upon the Internal Revenue Code of 1986, as amended (the "Code"), existing and proposed Treasury Regulations, and judicial decisions and administrative interpretations thereunder, as of the date hereof, all of which are subject to change or different interpretations, possibly with retroactive effect. We cannot assure you that the Internal Revenue Service (the "IRS") will not challenge one or more of the tax results described herein, and we have not obtained, nor do we intend to obtain, a ruling from the IRS with respect to the U.S. federal tax consequences of acquiring, holding or disposing of the securities.

PLEASE CONSULT YOUR OWN TAX ADVISORS AS TO THE PARTICULAR TAX CONSEQUENCES TO YOU OF ACQUIRING, HOLDING, CONVERTING OR OTHERWISE DISPOSING OF THE SECURITIES, INCLUDING THE EFFECT AND APPLICABILITY OF STATE, LOCAL OR FOREIGN TAX LAWS.

As used herein, the term "U.S. holder" means a beneficial owner of a security or our common stock that is, for U.S. federal income tax purposes:

    •
    a citizen or resident of the United States;

    •
    a corporation created or organized in or under the laws of the United States or of any political subdivision thereof; or

    •
    an estate or trust the income of which is subject to U.S. federal income taxation regardless of its source.

As used herein, the term "Non-U.S. holder" means a beneficial owner of a security that is, for U.S. federal income tax purposes:

    •
    a nonresident alien individual;

    •
    a foreign corporation; or

    •
    a nonresident alien fiduciary of a foreign estate or trust.

If a partnership (including for this purpose any entity treated as a partnership for U.S. tax purposes) is a beneficial owner of the securities, the treatment of a partner in the partnership will generally depend upon the status of the partner and upon the activities of the partnership. A holder of securities that is a partnership and partners in such partnership should consult their own tax advisors about the U.S. federal income tax consequences of holding and disposing of the securities.

IRS CIRCULAR 230 REQUIRES THAT WE INFORM YOU THAT ANY TAX STATEMENT HEREIN REGARDING ANY US FEDERAL TAX IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, BY ANY TAXPAYER FOR THE PURPOSE OF AVOIDING ANY PENALTIES. ANY SUCH STATEMENT HEREIN WAS WRITTEN TO SUPPORT THE MARKETING OR PROMOTION OF THE TRANSACTION(S) OR MATTER(S) TO WHICH THE STATEMENT RELATES. A PROSPECTIVE INVESTOR (INCLUDING A TAX-EXEMPT INVESTOR) IN THE SECURITIES SHOULD CONSULT ITS OWN TAX ADVISOR IN DETERMINING THE TAX CONSEQUENCES OF AN INVESTMENT IN THE SECURITIES, INCLUDING THE APPLICATION OF STATE, LOCAL OR OTHER TAX LAWS AND THE POSSIBLE EFFECTS OF CHANGES IN FEDERAL OR OTHER TAX LAWS.

7

U.S. Holders

Classification of the securities.    By acquiring the securities, you agree with us (in the absence of an administrative determination or judicial ruling to the contrary), for U.S. federal income tax purposes, to treat the securities as indebtedness that is subject to the regulations governing contingent payment debt instruments (the Contingent Debt Regulations) in the manner described below. The remainder of this discussion assumes that the securities will be so treated and does not address any possible differing treatments of the securities. However, no rulings have been sought from the IRS or a court with respect to any of the tax consequences discussed below. Accordingly, no assurance can be given that the IRS or a court will agree with the treatment described herein. Any differing treatment could affect the amount, timing and character of income, gain or loss in respect of an investment in the securities. Holders should consult their tax advisors concerning the tax treatment of holding the securities.

Accrual of Interest.    Under the Contingent Debt Regulations, actual cash payments on the securities, if any, will not be reported separately as taxable income, but will be taken into account under such regulations. As discussed more fully below, the effect of these Contingent Debt Regulations will be to:

    •
    require you, regardless of your usual method of tax accounting, to use the accrual method with respect to the securities;

    •
    require you to accrue original issue discount at the comparable yield (as described below); and

    •
    generally result in ordinary rather than capital treatment of any gain and to some extent loss, on the sale, exchange, repurchase, or redemption of the securities.

You will be required to accrue an amount of original issue discount for U.S. federal income tax purposes, for each accrual period prior to and including the maturity date of the securities, that equals:

    •
    the product of (i) the adjusted issue price (as defined below) of the securities as of the beginning of the accrual period and (ii) the comparable yield to maturity (as defined below) of the securities, adjusted for the length of the accrual period;

    •
    divided by the number of days in the accrual period; and

    •
    multiplied by the number of days during the accrual period that you held the securities.

The "issue price" of a security will be the first price at which a substantial amount of the securities is sold to the public, excluding bond houses, brokers or similar persons or organizations acting in the capacity of underwriters, placement agents or wholesalers. The adjusted issue price of a security will be its issue price increased by any original issue discount previously accrued, determined without regard to any adjustments to original issue discount accruals described below and decreased by the projected amounts of any payments previously made with respect to the securities (although, as indicated below, no amount is (for federal income tax purposes) projected to be paid prior to the Maturity Date).

Under the Contingent Debt Regulations, you will be required to include original issue discount in income each year, regardless of your usual method of tax accounting, based on the comparable yield of the securities. We have determined the comparable yield of the securities based on the rate, as of the initial issue date, at which we would issue a fixed rate debt instrument with no contingent payments but with terms and conditions similar to the securities. Accordingly, we have determined that the comparable yield is an annual rate of 1.3482%, compounded semi-annually.

8

We are required to furnish to you the comparable yield and solely for tax purposes, a projected payment schedule that estimates the amount and timing of contingent interest payments (generally the redemption amount in excess of par paid upon the Maturity Date). For purposes of this determination—and only for purposes of this determination, which is required for federal income tax purposes—we have assumed that the securities will not be called and will be held until the Maturity Date. Accordingly, the projected payment schedule attached as Exhibit A indicates that you will receive no interest until the Maturity Date, at which time the projected payment amount includes $20,937.22 of interest. For U.S. federal income tax purposes, you must use the comparable yield and the schedule of projected payments in determining your original issue discount accruals (and the adjustments thereto described below) in respect of the securities, unless you timely disclose and justify the use of a different comparable yield and projected payment schedule to the IRS.

The comparable yield and the projected payment schedule are provided solely for the U.S. federal income tax treatment of the securities and do not constitute a projection or representation regarding the actual amount of the payments on a security.

Adjustments to Interest Accruals on the securities.    If the actual contingent payment received on the Maturity Date differs from the projected payment, adjustments will be made for the difference. If such payment exceeds the projected payment, you will incur a positive adjustment equal to the amount of such excess. Such positive adjustment will be treated as additional original issue discount in such taxable year. If, however, such payment is less than the amount of projected payment, you will incur a negative adjustment equal to the amount of such deficit. A negative adjustment will:

    •
    first, reduce the amount of original issue discount required to be accrued in the current year;

    •
    second, any negative adjustment that exceeds the amount of original issue discount accrued in the current year will be treated as ordinary loss to the extent of your total prior original issue discount inclusions with respect to the securities; and

    •
    third, any excess negative adjustment will reduce the amount realized on a sale, exchange, or redemption of the securities.

A net negative adjustment is not subject to the two percent floor limitation imposed on miscellaneous itemized deductions under Section 67 of the Code.

Sale, Exchange, or Redemption.    Upon the sale, exchange, or redemption of a security, you will recognize gain or loss equal to the difference between your amount realized and your adjusted tax basis in the security. Any gain on a security generally will be treated as ordinary income. Loss from the disposition of a security will be treated as ordinary loss to the extent of your prior net original issue discount inclusions with respect to the securities. Any loss in excess of that amount will be treated as capital loss, which generally will be long-term if the securities were held for more than one year. The deductibility of net capital losses by individuals and corporations are subject to limitations.

Special rules apply in determining the tax basis of a security. Your basis in a security is generally your original purchase price for the security increased by original issue discount (before taking into account any adjustments) you previously accrued on the securities and reduced by the projected amount of any payments previously scheduled to be made (without regard to the actual amount paid).

9

Non-U.S. Holders

Withholding Tax on Payments on Securities.    The payment of principal and interest (including amounts taken into income under the accrual rules described above under "—U.S. Holders") on a security by us or any paying agent of ours to you will not be subject to the 30% U.S. federal withholding tax.

Except to the extent otherwise provided under an applicable tax treaty, you generally will be taxed in the same manner as a U.S. holder with respect to interest and original issue discount on a security if such amounts are effectively connected with a U.S. trade or business of yours. Effectively connected interest and original issue discount received by a Non-U.S. holder which is a foreign corporation may also be subject to an additional "branch profits tax" at a 30% rate (or, if applicable, a lower treaty rate), subject to certain adjustments. Such effectively connected amounts will not be subject to withholding tax if the holder delivers a Form W-8ECI to the payor.

Backup Withholding and Information Reporting

Payments of interest or the proceeds of the sale or other disposition of, the securities may be subject to information reporting and U.S. federal backup withholding tax if the recipient of such payment fails to comply with applicable United States information reporting or certification requirements. Any amount withheld from a payment to a U.S. holder under the backup withholding rules is allowable as a credit against the holder's U.S. federal income tax, provided that the required information is furnished to the IRS.

Supplemental Plan of Distribution

Under the terms and subject to the conditions contained in a distribution agreement dated May 7, 2007, as amended, which we refer to as the distribution agreement, we have agreed to sell the notes to Credit Suisse Securities (USA) LLC.

The distribution agreement provides that Credit Suisse Securities (USA) LLC is obligated to purchase all of the notes if any are purchased.

Credit Suisse Securities (USA) LLC proposes to offer the notes at the offering price and will receive the underwriting discounts and commissions set forth on the cover page of this pricing supplement. Credit Suisse Securities (USA) LLC may allow the same discount on the principal amount per note on sales of such securities of other brokers or dealers. If all of the notes are not sold at the initial offering price, Credit Suisse Securities (USA) LLC may change the public offering price and other selling terms.

Credit Suisse Securities (USA) LLC may pay broker-dealers, at settlement, an amount up to 0.25% per annum on the principal amount of the notes for the term of the notes. In addition, an affiliate of Credit Suisse has paid or may pay in the future a fixed amount to broker-dealers in connection with the costs of implementing systems to support these notes.

For more information, please refer to "Underwriting" in the accompanying product supplement.

10


 EXHIBIT A

Credit Suisse Nassau Branch
U.S. $509,000 Principal Protected Securities due December 29, 2011 (the "Securities")
Linked to the S&P 500 Index
Projected Payment Schedule ("Tax Schedule")*

The Comparable Yield and Tax Schedule are provided solely for the purpose of determining a U.S. holder's income from the Securities for U.S. tax purposes and are not a representation of any kind regarding the actual yield of the Securities or actual amounts that will be paid thereon. See the Pricing Supplement dated December 23, 2008 for additional information. Holders of the Securities are urged to consult their tax advisors regarding the tax treatment of the Securities. The two schedules below show the Projected Payments, Yearly Interest Accruals, Daily Interest Accruals and Projected Amount Payable at Retirement for the entire $509,000 Principal Amount and for a $1,000 Principal Amount respectively.

Principal Amount: $509,000

Date   Payments   Interest Accrual   Adjusted Issue Price   Daily Accrual  
  31-Dec-08     0.00     19.06     509,019.06     19.06  
  30-Jun-09     0.00     3,431.30     512,450.36     19.06  
  31-Dec-09     0.00     3,454.43     515,904.79     19.19  
  30-Jun-10     0.00     3,477.71     519,382.50     19.32  
  31-Dec-10     0.00     3,501.16     522,883.66     19.45  
  30-Jun-11     0.00     3,524.76     526,408.42     19.58  
  29-Dec-11     0.00     3,528.81     529,937.22     19.71  

 
Projected Amount Payable at Retirement
 
 
529,937.22
 
 
 
 

Principal Amount: $1,000

Date   Payments   Interest Accrual   Adjusted Issue Price   Daily Accrual  
  31-Dec-08     0.00     0.04     1,000.04     0.0375  
  30-Jun-09     0.00     6.74     1,006.78     0.0375  
  31-Dec-09     0.00     6.79     1,013.57     0.0377  
  30-Jun-10     0.00     6.83     1,020.40     0.0380  
  31-Dec-10     0.00     6.88     1,027.28     0.0382  
  30-Jun-11     0.00     6.92     1,034.20     0.0385  
  29-Dec-11     0.00     6.93     1,041.13     0.0387  

 
Projected Amount Payable at Retirement
 
 
1,041.13
 
 
 
 
*
The Tax Schedule is a hypothetical schedule derived using certain baseline assumptions and applying a Comparable Yield of 1.3482% per annum. Assumptions regarding future events are inherently uncertain. Actual payments may vary materially from the hypothetical payment schedule due to a number of factors. Additional information regarding assumptions is available upon request. See the Pricing Supplement for additional information.

11

Credit Suisse



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