Credit Suisse International - Carnegie

Credit Suisse International
Registered as unlimited in England and Wales under No. 2500199
Series NCSI 2007-192
SKr 500,000,000 Zero Coupon Index-linked Notes due 2010
Issue Price: 110 per cent.
ÖVERSÄTTNING AV PROSPEKTSAMMANFATTNING
Bifogad översättning utgör en översättning av avsnittet Summary i värdepappersnoten av den 13
februari 2007 avseende Obligationer av Series NCSI 2007-192. Översättningen har upprättats mot
bakgrund av bestämmelserna i 2 kap. 23 och 36 §§ lagen (1991:980) om handel med finansiella
instrument i samband med begäran till United Kingdom Listing Authority i England om att utfärda
intyg om godkännande av prospektet till Finansinspektionen enligt bestämmelserna i artikel 18 i
prospektdirektivet (2003/71/EG).
Enligt 2 kap. 15 § lagen (1991:980) om handel om finansiella instrument är ansvaret för innehållet i
sammanfattningen och denna översättning av sammanfattningen begränsat enligt vad som
närmare beskrivs i det inledande stycket i översättningen. Om översättningen inte stämmer
överens med informationen i den engelska originalversionen har den engelska originalversionen
tolkningsföreträde. Investerare bör därför även ta del av grundprospektet i dess helhet på dess
originalspråk innan något beslut tas om investering.
A07402813/1.0/08 Feb 2007
1

SAMMANFATTNING
Credit Suisse International
Serie NCSI 2007-192 Indexrelaterade Nollkupongsobligationer med förfallodag 2010
(“Obligationerna”)
Denna sammanfattning skall läsas som en introduktion till detta Prospekt och varje beslut att
investera i Obligationerna skall ske med beaktande av Prospektet i dess helhet, inklusive de
dokument som infogas genom hänvisning. Inget civilrättsligt ansvar kan uppkomma för Emittenten
i någon Medlemsstat i det Europeiska Ekonomiska Samarbetsområdet där de relevanta
bestämmelserna i Prospektdirektivet (Direktiv 2004/71/EC) har implementerats avseende denna
sammanfattning, inklusive varje översättning härav, såvida inte den är missvisande, felaktig eller
oförenlig när den läses tillsammans med övriga delar av Prospektet. Om krav med bäring på
informationen i Prospektet framställs i domstol i en Medlemsstat i det Europeiska Ekonomiska
Samarbetsområdet kan käranden, enligt nationell rätt i Medlemsstaten där kravet framställs, vara
skyldig att stå för kostnaden för att översätta Prospektet innan den juridiska processen inleds.
Beskrivning av Emittenten
Credit Suisse International (”Emittenten”) är registrerat i England och Wales i enlighet med
engelsk lagstiftning (the Companies Act 1985) med reg. nr. 2500199 som ett bolag med
obegränsat ägaransvar. Styrelsens säte och det huvudsakliga verksamhetsstället är One Cabot
Square, London E14 4QJ. Emittenten är en engelsk bank och är auktoriserad och står under tillsyn
som ett EU-kreditinstitut av Financial Services Authority (”FSA”) enligt engelsk lagstiftning (the
Financial Services and Markets Act 2000). FSA har utfärdat ett tillstånd vilket berättigar Emittenten
att bedriva specificerad tillståndspliktig investeringsverksamhet.
Emittenten är ett bolag med obegränsat ägaransvar och därmed har dess aktieägare har ett
solidariskt och individuellt obegränsat skyldighet att avhjälpa varje brist avseende Emittentens
tillgångar vid händelse av Emittentens likvidation. Aktieägarnas solidariska och individuella
obegränsade ansvar för täckande av brist i Emittentens tillgångar uppkommer endast vid
Emittentens likvidation. Följaktligen kan Obligationsinnehavarna före Emittentens likvidation
endast förlita sig till Emittentens tillgångar och inte på aktieägarnas tillgångar. Dess aktieägare är
Credit Suisse Group, Credit Suisse och Credit Suisse (International) Holding AG.
Emittenten startade sin verksamhet 16 juli 1990. Huvudsaklig verksamhet är bankrörelse, inklusive
handel med derivatprodukter relaterade till räntor, aktier, valutor, råvaror och krediter. Det främsta
verksamhetsändamålet för Emittenten är att tillhandahålla omfattande finans- och
riskhanteringstjänster avseende derivatprodukter över hela världen. Emittenten har etablerat en
betydande närvaro på den globala derivatmarknaden genom att erbjuda en komplett skala av
derivatprodukter och fortsätter att utveckla nya produkter efter kundernas behov och efter
utvecklingen på de underliggande marknaderna. Credit Suisse är en ledande global
investmentbank som tillhandahåller tjänster till institutionella klienter, företag, stater och
privatpersoner som klienter.
A07402813/1.0/08 Feb 2007
2

Beskrivning av Obligationerna
Obligationerna är nollkupongsobligationer, denominerade i svenska kronor,
kapitalbeloppsbestämda, aktieindexrelaterade och emitterade av Emittenten den 13 februari 2007
samt förfaller till betalning i maj 2010. Nominellt belopp per Obligation är SEK 10 000 och det
sammanlagda nominella beloppet är SEK 500 000 000. Emissionskursen är 110% av det
nominella beloppet. Avkastningen, utöver nominellt belopp, som betalas till investeraren på
förfallodagen är kopplad till utvecklingen av en korg bestående av två Index; CECE Composite
EUR Index (”Index 1”) och Russian Depositary Receipts Index (”Index 2”) (var och en benämnt
”Index” och tillsammans benämnda ”Indexen”.
Obligationerna kan endast bli inlösta i förtid efter avtalsbrott av Emittenten, efter införande av
brittisk källskatt på betalningar avseende Obligationerna eller Emittentens betalningsförpliktelser
eller dess hedgingarrangemang skulle vara eller bli olagliga.
Ansökan om att inregistrera Obligationerna på Stockholmsbörsen kommer att göras.
Avkastning på förfallodagen
När Obligationerna förfaller till betalning maj 2010 kommer investerarna erhålla (i) 100% av det
nominella beloppet samt (ii) en avkastning beräknad som nominellt belopp multiplicerat med det
större av noll och ”Korgavkastningen” enligt vad som anges nedan, multiplicerad med 100
procent (sådan procentsats är indikativ och bestäms utifrån marknadsförhållandena på den Initiala
Fastställelsedagen, med förbehåll att den lägst kommer vara 100 procent).
Om Korgavkastningen är noll eller negativ kommer investerare endast erhålla 100 procent av
nominellt belopp på förfallodagen.
Korgavkastningen beräknas enligt följande:
(i) ”Indexavkastningen” för varje Index beräknas som den procentuella förändringen
avseende indexnivån för Index på den Initiala Fastställelsedagen och den Slutliga
Indexnivån. Den ”Slutliga Indexnivån” beräknas som genomsnittet av Index
indexnivåer vid var och en av Genomsnittsdagarna.
(ii) Indexavkastningen för varje Index multipliceras sedan med Indexviktning för
relevant Index. De slutliga siffrorna adderas sedan och utgör tillsammans
Korgavkastningen.
”Genomsnittsdag” betyder den 2:a kalenderdagen i varje månad med början den 2 maj 2009 till
och med 2 maj 2010 (totalt 13 Genomsnittsdagar).
”Indexviktning” betyder, avseende CECE Composite EUR Index, 75 procent, avseende Russian
Depositary Receipts Index, 25 procent.
”Inital Fastsällelsedag” betyder 2 maj 2007.
Observera att de fullständiga villkoren som återfinns i Värdepappersnoten innehåller
bestämmelser angående vilka dagar som inte räknas som bankdagar, avbrott och justeringar, vilka
kan påverka varje Indexet och nivåer på Indexet samt avseende tidpunkter för beräkningar och
betalning i enlighet med Obligationerna..
A07402813/1.0/08 Feb 2007
3

De fullständiga villkoren för Obligationerna framgår av Värdepappersnoten avseende
Obligationerna, vilken finns tillgänglig i betalningsombudens (Paying Agents) lokaler.
Erbjudande
HQ Bankaktiebolag (”HQ”) har samtyckt till att köpa från Emittenten och Emittenten har samtyckt
till att sälja, alla eller vissa av Obligationerna, till HQ. HQ har informerat Emittenten att de och
vissa Underdistributörer (Länsförsäkringar Bank, Sparbanken Gripen AB (publ) och Sparbanken
Finn) har för avsikt att i eget namn erbjuda Obligationerna till allmänheten i Sverige. Varken
Emittenten eller Dealern har något ansvar för ett sådana erbjudanden.
Erbjudandeperioden är mellan 19 februari 2007till 13 april 2007. Erbjudandeperioden kan komma
att bli avbruten när som helst. Det högsta nominella beloppet på erbjudandet är SEK 500 000 000.
Erbjudandepriset kommer att vara 110% av det nominella beloppet.
Köp kan göras genom att ge in en köporder vilken kan erhållas från HQ eller relevant
Underdistributör, eller enligt instruktioner från HQ eller relevant Underdistributör. Betalning för
Obligationerna skall vara HQ eller relevant Underdistributör tillhanda på eller omkring 23 april 2007
för att leverans av Obligationerna till köparnas konto skall ske på eller omkring den 4 maj 2007.
HQ eller relevant underdistributör kommer att ta ut courtage av köparna vilket inte kommer
överstiga 3 % av priset på Obligationerna.
HQ förbehåller sig rätten att återkalla erbjudandet om det förvärvade nominella beloppet är mindre
än 50 000 000, eller om HQ, utifrån sitt bästa omdöme, bedömer att några faktorer medför att det
blir olagligt, omöjligt eller icke praktiskt att fullfölja erbjudandet, antingen i sin helhet eller till viss
del, eller om marknadsförhållandena har påverkats på ett väsentligt negativt sätt. Vid ett eventuellt
återkallande kommer HQ eller relevant Underdistributör återbetala, av köparen erlagt, förvärvspris
samt courtage utan ränta.
Riskfaktorer
Villkoren för Obligationerna anger att det belopp som skall betalas till investeraren vid
förfallodagen kommer att vara beroende av utvecklingen av Indexen och frånvaron av
Jurisdictional Events. Beloppet som betalas vid förfallodagen (men inte vid förtida inlösen) kommer
att uppgå till minst 100 % av nominellt belopp, vilket är mindre än emissionskursen.
En investering i Obligationerna är inte detsamma som en investering i enskild eller samtliga aktier
eller depositions kvitto som omfattas av Indexen eller en investering som är direkt knuten till dessa
Index. Framförallt kommer investerarna inte få ta del av utdelningar.
Nivåerna på Indexen kan gå ner likväl som upp under Obligationernas löptid. Dessutom behöver
inte nivån på Indexen en specifik dag spegla Indexens tidigare eller framtida utveckling. Det finns
inga garantier avseende Indexets framtida utveckling. Därför bör eventuella investerare noggrant
överväga huruvida en investering som baseras på utvecklingen av Indexen är lämplig för dem.
Obligationerna innefattar komplexa risker vilka bland annat inkluderar aktiekursrisker, kreditrisker,
valutakursrisker, ränterisker och/eller politiska risker.
Det är inte möjligt att förutse kursen till vilken Obligationerna kommer att handlas på marknaden
eller om en sådan marknad kommer att vara likvid eller illikvid. Emittenten kan, men är inte skyldig
A07402813/1.0/08 Feb 2007
4

att, köpa Obligationer vid vilken tidpunkt som helst till vilket pris som helst på den öppna
marknaden eller genom erbjudande eller privat överenskommelse. Varje Obligation som köpts på
det viset får behållas eller vidaresäljas eller överlämnas för annullering. Marknaden för
Obligationer kan vara begränsad. Det enda sättet på vilket en innehavare kan realisera värdet från
en Obligation innan Förfallodagen är att sälja den till då rådande marknadspris, vilket kan vara
lägre än det belopp som inledningsvis investerades.
Kursfluktuationer på aktierna eller depåbevisen som omfattas av Indexen och på Indexnivåerna
kan komma att påverka värdet på Obligationerna.
Beloppet som skall betalas och som är hänförligt till att Russian Depository Receipt Index finns
med i korgen kan minska om värdet på intäkterna för Emittentens hedgingarrangemang i
förhållande till detta Index är reducerat på grund av olika orsaker (beskrivet som Jurisdictional
Events) relaterade till risker med den ryska federationen eller handel eller publicering av priser
avseende underliggande aktier och andra värdepapper som ingår i det ryska Indexet.
Följaktligen är en investering i Obligationerna endast lämplig för investerare som (antingen
ensamma eller tillsammans med en lämplig finansiell rådgivare) klarar av att utvärdera värdet och
riskerna med en sådan investering och vilka har tillräckliga resurser för att kunna bära varje förlust
som kan bli följden därav.
Nivån och grunden för beskattning av Obligationerna samt lättnader i beskattningen kan förändras
när som helst. Värdet av lättnader i beskattningen beror på en investerares individuella
förhållanden. Beskattningen och den näringsrättsliga behandlingen av Obligationerna kan ändras
under Obligationernas löptid. Detta kan medföra negativa konsekvenser för investerare.
Innan eventuella investerare gör ett investeringsbeslut med avseende på obligationerna bör
dessa konsultera sina egna finansiella, skatte- eller andra rådgivare i den omfattning de
finner det nödvändigt och noggrant gå igenom och överväga ett sådant investeringsbeslut
mot bakgrund av det ovanstående och deras personliga förhållanden.
A07402813/1.0/08 Feb 2007
5

20 March 2007
Credit Suisse International
(formerly known as Credit Suisse First Boston International)
Registration Document
This Registration Document supersedes the Credit Suisse International Registration
Document dated 5 March 2007 and will expire on 19 March 2008.

Introduction
CREDIT SUISSE INTERNATIONAL
This Registration Document is a registration document pursuant to Directive 2003/71/EC for the purpose
of giving information with regard to Credit Suisse International (formerly known as Credit Suisse First
Boston International) (the “Issuer”) which, according to the particular nature of the Issuer and the
securities which it may offer to the public or apply to have admitted to trading on a regulated market, is
necessary to enable investors to make an informed assessment of the assets and liabilities, financial
position, profit and losses and prospects of the Issuer. To the best of the Issuer’s knowledge, having taken
all reasonable care to ensure that such is the case, the information contained in this Registration
Document is in accordance with the facts and contains no omission likely to affect its import. The Issuer
accepts responsibility accordingly. The information contained in this Registration Document relating to the
shareholders of the Issuer was provided to the Issuer by its shareholders. It is confirmed that such
information has been accurately reproduced, and as far as the Issuer is aware and is able to ascertain from
information published by the shareholders, no facts have been omitted which would render the reproduced
information inaccurate or misleading. The delivery of this Registration Document at any time does not imply
that any information contained herein is correct at any time subsequent to the date hereof.
This Registration Document has been filed with the Financial Services Authority in its capacity as
competent authority under the UK Financial Services and Markets Act 2000.
The Issuer was incorporated in England and Wales under the Companies Act 1985, on 9th May, 1990,
with registered no. 2500199 and was re-registered as an unlimited liability company under the name
“Credit Suisse Financial Products” on 6th July, 1990, and was renamed Credit Suisse First Boston
International on 27th March, 2000 and Credit Suisse International on 16 January 2006. Its registered
office and principal place of business is at One Cabot Square, London E14 4QJ, telephone number +44
(0)20 7888 8888. The Issuer is an English bank and is regulated as an EU credit institution by The
Financial Services Authority (“FSA”) under the Financial Services and Markets Act 2000. The FSA has
issued a scope of permission notice authorising the Issuer to carry out specified regulated investment
activities.
The Issuer is an unlimited liability company and, as such, its shareholders have a joint, several and
unlimited obligation to meet any insufficiency in the assets of the Issuer in the event of its liquidation. The
joint, several and unlimited liability of the shareholders of the Issuer to meet any insufficiency in the assets
of the Issuer will only apply upon liquidation of the Issuer. Therefore, prior to any liquidation of the Issuer,
the Securityholders may only have recourse to the assets of the Issuer and not to those of its
shareholders.
The Issuer commenced business on 16th July, 1990. Its principal business is banking, including the
trading of derivative products linked to interest rates, foreign exchange, equities, commodities and credit.
The primary objective of the Issuer is to provide comprehensive treasury and risk management derivative
product services. The Issuer has established a significant presence in global derivative markets through
offering a full range of derivative products and continues to develop new products in response to the needs
of its customers and changes in underlying markets. The Issuer is structured into three business units: FID,
Equities and Other. The three business units are complemented by Shared Services, which provide support
in the areas of finance, legal and compliance, risk management, operations and information technology.
.
2

Shareholders
Credit Suisse owns 56 per cent., Credit Suisse (International) Holding AG (formerly known as Credit
Suisse First Boston (International) Holding AG), a wholly owned subsidiary of Credit Suisse, owns 24 per
cent. and Credit Suisse Group owns 20 per cent. of the Issuer's ordinary voting shares. Credit Suisse and
Credit Suisse (International) Holding AG have entered into a voting agreement relating to the election of
directors. With respect to the Issuer's participating non-voting shares (other than an issue of “Class A”
participating non-voting shares) Credit Suisse owns 4.9 per cent., Credit Suisse Investments (UK),
(formerly known as Credit Suisse First Boston (UK) Investments ) a wholly owned subsidiary of Credit
Suisse, owns 75.1 per cent. and Credit Suisse Group owns 20 per cent. In addition, Credit Suisse and
Credit Suisse Investments (UK) each own half of the Issuer’s “Class A” participating non-voting shares and
Credit Suisse Investments (UK) owns 80 per cent. and Credit Suisse Group owns 20 per cent. of the
Issuer’s perpetual non-cumulative “Class A” preference shares. Credit Suisse (International) Holding AG
owns 100 per cent. of the Issuer’s non-cumulative “Class B” preference shares. Credit Suisse
(International) Holding AG owns 42.2857 per cent. and Credit Suisse Investments (UK) owns 57.7143
per cent. of the Issuer's non-cumulative "Class C" preference shares. Credit Suisse (International) Holding
AG owns 100 per cent. of the Issuer’s non-cumulative “Class D” preference shares. Credit Suisse
(International) Holding AG owns 100 per cent. of the Issuer’s non-cumulative “Class E” preference shares.
Credit Suisse (International) Holding AG owns 100 per cent. of the Issuer’s non-cumulative “Class F”
preference shares. On 19 March, 2007 the total authorised share capital of the Issuer increased from
USD 4,750,000,000 to USD 5,550,000,000 by the creation of a new class of shares being
800,000,000 “Class G” preference shares of USD 1 each, of which USD 800,000,000 was issued to
Credit Suisse (International) Holding AG. Credit Suisse (International) Holding AG owns 100 per cent. of
the Issuer’s non-cumulative “Class G” preference shares. Information on the Shareholders is provided in
“Shareholders of Credit Suisse International – Overview” below. A summary organisational chart, showing
the ownership of the voting interests in the Issuer, is set out below.
Credit Suisse
Group
100%
Credit Suisse
56% 100%
20%
Credit Suisse
(International)
Holding AG
24%
Credit Suisse
International
3

Credit Ratings
The Issuer has been assigned a senior unsecured debt rating of “AA- (outlook stable)” by Standard &
Poor’s Rating Services, a division of The McGraw-Hill Companies, a senior debt rating of “Aa3 (stable
outlook)” by Moody’s Investors Service and a long-term rating of “AA- (stable outlook)” by Fitch Ratings
Limited.
Directors and Management
The members of the Board of Directors of the Issuer and their principal outside occupations are set out
below. There are no potential conflicts of interests between any duties to the Issuer of the below members
of the Board of Directors and their private interests and / or other duties. The business address of each
member of the Board of Directors is One Cabot Square, London E14 4QJ.
Name Principal Outside Occupation
Leonhard Fischer
CEO
Osama Abassi
Alternate to Gael de Boissard
Stephen Dainton
Alternate to Simon Yates
Gael de Boissard
Fawzi Kyriakos-Saad
Renato Fassbind
Non Executive
Tobias Guldimann
Non Executive
Chief Executive Officer of Credit Suisse for EMEA. He is a
member of the Executive Board of Credit Suisse and Chairman
of the EMEA CEO Management Committee and the EMEA
Country Management Committee. He is also a member of the
Supervisory Board of Axel Springer AG, Chairman of the
Supervisory Board of DBV-Winterthur Holding AG and
Chairman of Aspen Institute Berlin (e.V.)
Managing Director of Credit Suisse, Co-Head of European
Fixed Income Coverage Group. Additionally he is a member of
the Global Fixed Income Operating Committee and the
Investment Banking division's Management Council.
Managing Director of Credit Suisse, Co-Head of European
Equities, Global Head of European Research Sales, Head of
Research Sales into Europe and a member of the EMEA IB
Management Committee.
Managing Director of Credit Suisse, Head of the European
Fixed Income department and has responsibility for European
and Asian Interest Rate Products and the Global Exotic Interest
Rate Derivative business. Additionally, he is Head of Global
Foreign Exchange Sales and Trading and member of the Fixed
Income Operating Committee and the EMEA IB Management
Committee.
Managing Director and Chief Executive Officer of Emerging
Markets for EMEA.
Chief Financial Officer of Credit Suisse Group and a member of
the Executive Board of Credit Suisse Group.
Chief Risk Officer of Credit Suisse Group and a member of the
Executive Board of Credit Suisse Group.
4

Hamish Leslie-Melville
Alternate to Marco
Mazzucchelli
Managing Director of Credit Suisse and Chairman of the
European Investment Banking Committee.
Marco Mazzucchelli Managing Director of Credit Suisse, European Head of the
Investment Banking Department and a member of the EMEA IB
Management Committee.
Costas Michaelides Managing Director and Chief Operating Officer of Credit Suisse
EMEA. He is a member of the EMEA CEO Management
Committee and a member of the EMEA IB Management
Committee.
Simon Yates
Auditors and Accounts
Managing Director of Credit Suisse, Co-Head of European
Equities and Head of Global Equity Derivatives. He is a member
of the EMEA IB Management Committee.
The financial year of the Issuer is the calendar year. The Issuer’s auditors are KPMG Audit Plc, whose
address is One Canada Square, London E14 5AG. KPMG Audit Plc is registered to carry out audit work
by the Institute of Chartered Accountants in England and Wales.
Risk Factors
The general risk management policy of the Issuer is consistent with the equivalent functions of other Credit
Suisse Group entities. The process is designed to ensure that there are sufficient independent controls to
assess, monitor and control risks in accordance with the Issuer’s control strategy and in consideration of
industry best practices.
The Issuer believes that it has effective procedures for assessing and managing the risks associated with
its business activities. The Issuer cannot completely predict all market and other developments and the
Issuer’s risk management cannot fully protect against all types of risks. Unforeseen market and other
developments or unexpected movements or disruption in one or more markets can result in losses, for
example, due to such events as adverse changes in inventory values, a decrease in liquidity of trading
positions, greater earnings volatility or increased credit risk exposure. Such losses could have a material
adverse effect on the Issuer’s results, operations or financial condition.
A description of how the Issuer manages risk together with quantitative information on market risk for the
Issuer’s trading portfolio is set out on pages 69 to 79 of the Issuer’s Annual Report for the year ended
31st December, 2006.
5

Shareholders of Credit Suisse International - Overview
1. Credit Suisse Group
Credit Suisse Group, whose head office is at Paradeplatz 8, CH-8070 Zürich, Switzerland, is the ultimate
parent of the consolidated Credit Suisse group which includes Credit Suisse, a global financial services
company domiciled in Switzerland and active in all major financial centres, providing a comprehensive range
of banking products as described under section 2 below. Consistent with its strategy to focus on its
banking businesses, Credit Suisse Group sold Winterthur Swiss Insurance Company to AXA on 22
December 2006.
2. Credit Suisse
Credit Suisse is a Swiss bank and a leading global bank with its registered head office at Paradeplatz 8,
CH-8001 Zürich, Switzerland. Credit Suisse provides financial advisory and capital raising services, sales
and trading for users and suppliers of capital as well as asset management products and services to global
institutional, corporate, government, high-net-worth clients and comprehensive financial advice and
banking products to private clients and small to medium-sized companies.
Credit Suisse is structured along three lines of business. In its investment banking business, Credit Suisse
offers securities products and financial advisory services to corporations, governments, institutional
investors and individual clients. Operating in over 50 locations across more than 20 countries, Credit
Suisse specializes in innovative solutions using expertise in a full spectrum of products: debt and equity
underwriting, sales and trading, alternative capital, mergers and acquisitions, investment research,
correspondent and prime brokerage services.
In its private banking business, Credit Suisse provides comprehensive advice and a broad range of
investment products and services tailored to the complex needs of high-net-worth individuals globally.
Credit Suisse’s structured advisory process encompasses both asset and liability management.
Furthermore, Credit Suisse is a leading provider of innovative alternative investments. Wealth management
solutions include tax planning, pension planning, life insurance solutions; wealth and inheritance advice,
trusts and foundations. Credit Suisse offers multiple booking platforms and global execution capabilities. In
Switzerland, Credit Suisse supplies banking products and services to private banking clients as well as
business and retail clients.
In its asset management business, Credit Suisse offers products across the full spectrum of investment
classes, ranging from equities, fixed income and multiple-asset class products, to alternative investments
such as real estate, hedge funds and private equity. Asset Management comprises the bank’s
discretionary asset management businesses and manages portfolios, mutual funds, and other investment
vehicles for a broad spectrum of clients from governments, institutions and corporations to private
individuals.
3. Credit Suisse (International) Holding AG
Credit Suisse (International) Holding AG (formerly known as Credit Suisse First Boston (International)
Holding AG), whose registered office is at Bahnhofsstrasse 17 Postfach 234, CH-6301 Zug, Switzerland,
was incorporated in Zug on 15th July, 1970. Its principal activity is to act as a holding company for certain
subsidiaries of Credit Suisse in Europe and in the Pacific regions.
6

Financial Information
1. Financial information relating to the Issuer is contained in its Annual Reports for the years ended, 31st
December, 2004, 31st December, 2005 and 31 st December 2006 which are incorporated by reference in
this Registration Document.
2. Financial information relating to Credit Suisse, a majority shareholder of the Issuer, is contained in its
most recent Information Statement dated 31st March, 2006, which is incorporated by reference in this
Registration Document, along with the Annexes and Supplements to the Information Statement set out in
the table below which are also incorporated by reference in this Registration Document:
Name of Annex/Supplement Date of Annex/Supplement
Annex: Credit Suisse Annual Report 2005 31st March 2006
Supplement A 2nd May 2006
Supplement B 7 August 2006
Supplement C 2 November 2006
Supplement D 15 February 2007
3. Credit Suisse Group, the ultimate parent company of the Issuer, files annual and current reports,
including interim financial information, with the U.S. Securities and Exchange Commission (the “SEC”) on
Forms 20-F and 6-K. The SEC filings of Credit Suisse Group are available to the public over the Internet
on the SEC’s website at www.sec.gov and on Credit Suisse Group’s website at www.credit-suisse.com.
The following SEC filings of Credit Suisse Group are incorporated by reference in this Registration
Document:
(a) Form 20-F Annual Report for the year ended 31 December 2005 available on the website of
the SEC (www.sec.gov) and Credit Suisse Group’s website at www.credit-suisse.com; and
(b) Form 6-K Quarterly Report for the quarter ended 31 March 2006 available on the website of
the SEC (www.sec.gov); and
(c) Form 6-K Quarterly Report for the quarter ended 30 June 2006 available on the website of
the SEC (www.sec.gov).
(d) Form 6-K Quarterly Report for the quarter ended 30 September 2006 available on the
website of the SEC (www.sec.gov).
(e) Form 6-K Quarterly Report for the quarter ended 31 December 2006 available on the website
of the SEC (www.sec.gov)
4. The audited annual accounts for the year ended 31st December, 2004 and for the year ended 31st
December, 2005 of Credit Suisse (International) Holding AG, a shareholder of the Issuer and a wholly
owned subsidiary of Credit Suisse, are also incorporated by reference in this Registration Document and
are available to the public over the Internet on Credit Suisse Group’s website at www.credit-suisse.com.
5. All historical Financial Information contained in this “Financial Information” section has been audited.
with the exception of the Credit Suisse Group interim financial information for which no audit is required.
7

General Information
1. There has been no material adverse change in the prospects of the Issuer since 31st December,
2006.
2. The Issuer is the subject of legal proceedings commenced in August 2004 before the Court of Parma
in Italy by Dr Enrico Bondi, the Extraordinary Administrator, on behalf of Parmalat SpA (in Extraordinary
Administration), relating to an agreement entered into between the Issuer and Parmalat SpA in December
2001. By these proceedings the Extraordinary Administrator seeks to have the said agreement set aside
and demands repayment by the Issuer of approximately EUR 248 million. The proceedings are being
vigorously contested by the Issuer.
The Extraordinary Administrator has also commenced two further actions before the Court of Parma (i)
against the Issuer seeking damages on the basis of allegations that by the 2001 transaction the Issuer
delayed the insolvency of Parmalat Participacoes of Brazil and consequently of Parmalat SpA with the
result that Parmalat's overall deficit increased by about EUR 7.1 billion between January 2002 and the
declaration of its insolvency in December 2003 and (ii) against the Issuer and five other banks seeking
damages on the basis of allegations that by various derivatives transactions in 2003 the Issuer and those
other banks delayed the insolvency of Parmalat SpA with the result that its overall deficit increased by
about EUR 2 billion between July and December 2003. In addition, unquantified claims for damages have
been filed in Italy on behalf of a number of individuals claiming to have suffered loss as a result of the
actions of employees of the Issuer. All these allegations are without foundation and the proceedings will be
vigorously contested by the Issuer.
Proceedings have also been brought in New York by Parmalat investors against various defendants
including the Issuer seeking unquantified damages. The allegations against the Issuer make reference to
the December 2001 transaction. A memorandum of understanding has been entered into between the
Plaintiffs, Credit Suisse entities (including the issuer) and another defendant (Banca Nazionale del Lavoro),
the result of which is that, subject to final documentation, the Credit Suisse entities will pay US$25 million
to settle these proceedings without admission of liability. In related cases also brought in New York, claims
have been filed against the Issuer by the trustees of two bankrupt US subsidiaries of Parmalat SpA. These
claims will be vigorously contested.
The Issuer has claimed in the insolvency of Parmalat Participacoes of Brazil in respect of EUR 500 million
of bonds issued by that entity and held by the Issuer. Parmalat Participacoes has made a claim in response
alleging that the debt represented by the bonds has already been paid and asserting that it is therefore
entitled under Brazilian law to twice the amount of the debt claimed by the Issuer. This allegation is without
any foundation and the proceedings will be vigorously contested.
Save as disclosed, the Issuer has not been involved in any governmental, legal or arbitration proceedings
(including any such proceedings which are pending or threatened of which the Issuer is aware), during the
last 12 months which may have, or have had in the recent past, significant effects on the financial position
or profitability of the Issuer or the Issuer and its consolidated subsidiaries (the "Group").
3. No significant change has occurred in the financial position of the Group since 31 st December 2006.
4. For the life of this Registration Document copies of the following documents may be inspected at
www.credit-suisse.com:
(a) the memorandum and articles of association of the Issuer;
(b) the auditor’s reports of the Issuer and the Group for each of the three financial years preceding
the publication of this Registration Document; and
8

(c) the historical financial information of the Issuer and the Group for each of the three financial
years preceding the publication of this Registration Document.
9

20 March 2007
Credit Suisse International
Supplement to Prospectuses
Series NCSI 2007-192 SKr 500,000,000 Zero Coupon Index-linked Notes due 2010
(Securities Note dated 13 February 2007) (ISIN: SE0001934183)
Series NCSI 2007-193 SKr 500,000,000 Zero Coupon Index-linked Notes due 2012
(Securities Note dated 13 February 2007) (ISIN: SE0001934191)
Series NCSI 2007-170 SKr 500,000,000 Zero Coupon Index-linked Notes due 2012
(Securities Note dated 13 February 2007) (ISIN: SE0001933128)
Series NCSI 2007-169 SKr 500,000,000 Zero Coupon Index-linked Notes due 2009
(Securities Note dated 13 February 2007) (ISIN: SE0001933110)
Series NCSI 2007-171 SKr 500,000,000 Zero Coupon Index-linked and Interest Rate-linked
Notes due 2012 (Securities Note dated 13 February 2007) (ISIN: SE0001933094)
Series NCSI 2007-173 SKr 500,000,000 Zero Coupon Index-linked Notes due 2011
(Securities Note dated 13 February 2007) (ISIN: SE0001933086)
Series NCSI 2007-174 SKr 500,000,000 Zero Coupon Index-linked and Interest Rate-linked
Notes due 2012 (Securities Note dated 13 February 2007) (ISIN: SE0001933078)
Series NCSI 2007-172 SKr 500,000,000 Zero Coupon Index-linked Notes due 2009
(Securities Note dated 13 February 2007) (ISIN: SE0001933060)
Series NCSI 2007-168 SKr 500,000,000 Zero Coupon Index-linked Notes due 2011
(Securities Note dated 13 February 2007) (ISIN: SE0001933052)
Series NCSI 2007-307 SKr 500,000,000 Zero Coupon Index-linked and Commodity-linked
Notes due 2010 (Securities Note dated 6 March 2007) (ISIN: SE0001958505)

This Supplement to the Prospectus relating to each of the above issues (each a “Prospectus”), comprising, in
the cases of Series NCSI 2007-192, NCSI 2007-193, NCSI 2007-170, NCSI 2007-169, NCSI 2007-171,
Series NCSI 2007-173, NCSI 2007-174, NCSI 2007-172, NCSI 2007-168 the Registration Document dated
29 December, 2006, the Supplement to Prospectus dated 5 March 2007 and the relevant Securities Note
specified above, and, in the case of Series NCSI 2007-307, the Registration Document dated 5 March 2007
and the relevant Securities Note specified above, constitutes a supplementary prospectus for the purposes of
Section 87G of the Financial Services and Markets Act 2000 and has been approved by the Financial Services
Authority in its capacity as competent authority under the UK Financial Services and Markets Act 2000.
Following an update to the Registration Document on 20 March 2007, the changes to the Registration
Document are set out below:
Introduction
The Issuer commenced business on 16th July, 1990. Its principal business is banking, including the
trading of derivative products linked to interest rates, foreign exchange, equities, commodities and credit.
The primary objective of the Issuer is to provide comprehensive treasury and risk management derivative
product services. The Issuer has established a significant presence in global derivative markets through
offering a full range of derivative products and continues to develop new products in response to the needs
of its customers and changes in underlying markets. The Issuer is structured into three business units: FID,
Equities and Other. The three business units are complemented by Shared Services, which provide support
in the areas of finance, legal and compliance, risk management, operations and information technology.
Shareholders
On 19 March, 2007 the total authorised share capital of the Issuer increased from USD 4,750,000,000 to
USD 5,550,000,000 by the creation of a new class of shares being 800,000,000 “Class G” preference
shares of USD 1 each, of which USD 800,000,000 was issued to Credit Suisse (International) Holding
AG. Credit Suisse (International) Holding AG owns 100 per cent. of the Issuer’s non-cumulative “Class G”
preference shares.
Directors and Management
The members of the Board of Directors of the Issuer and their principal outside occupations are set out
below. There are no potential conflicts of interests between any duties to the Issuer of the below members
of the Board of Directors and their private interests and/or other duties. The business address of each
member of the Board of Directors is One Cabot Square, London E14 4QJ.
Name Principal Outside Occupation
Leonhard Fischer
CEO
Osama Abassi
Alternate to Gael de Boissard
Stephen Dainton
Alternate to Simon Yates
Chief Executive Officer of Credit Suisse for EMEA. He is a
member of the Executive Board of Credit Suisse and Chairman
of the EMEA CEO Management Committee and the EMEA
Country Management Committee. He is also a member of the
Supervisory Board of Axel Springer AG, Chairman of the
Supervisory Board of DBV-Winterthur Holding AG and
Chairman of Aspen Institute Berlin (e.V.)
Managing Director of Credit Suisse, Co-Head of European
Fixed Income Coverage Group. Additionally he is a member of
the Global Fixed Income Operating Committee and the
Investment Banking division's Management Council.
Managing Director of Credit Suisse, Co-Head of European
Equities, Global Head of European Research Sales, Head of
Research Sales into Europe and a member of the EMEA IB

Gael de Boissard
Fawzi Kyriakos-Saad
Renato Fassbind
Non Executive
Tobias Guldimann
Non Executive
Hamish Leslie-Melville
Alternate to Marco
Mazzucchelli
Management Committee.
Managing Director of Credit Suisse, Head of the European
Fixed Income department and has responsibility for European
and Asian Interest Rate Products and the Global Exotic Interest
Rate Derivative business. Additionally, he is Head of Global
Foreign Exchange Sales and Trading and member of the Fixed
Income Operating Committee and the EMEA IB Management
Committee.
Managing Director and Chief Executive Officer of Emerging
Markets for EMEA.
Chief Financial Officer of Credit Suisse Group and a member of
the Executive Board of Credit Suisse Group.
Chief Risk Officer of Credit Suisse Group and a member of the
Executive Board of Credit Suisse Group.
Managing Director of Credit Suisse and Chairman of the
European Investment Banking Committee.
Marco Mazzucchelli Managing Director of Credit Suisse, European Head of the
Investment Banking Department and a member of the EMEA IB
Management Committee.
Costas Michaelides Managing Director and Chief Operating Officer of Credit Suisse
EMEA. He is a member of the EMEA CEO Management
Committee and a member of the EMEA IB Management
Committee.
Simon Yates
Managing Director of Credit Suisse, Co-Head of European
Equities and Head of Global Equity Derivatives. He is a member
of the EMEA IB Management Committee.
Risk Factors
A description of how the Issuer manages risk together with quantitative information on market risk for the
Issuer’s trading portfolio is set out on pages 69 to 79 of the Issuer’s Annual Report for the year ended
31st December, 2006.
Shareholders of Credit Suisse International – Overview
1. Credit Suisse Group
Credit Suisse Group, whose head office is at Paradeplatz 8, CH-8070 Zürich, Switzerland, is the ultimate
parent of the consolidated Credit Suisse group which includes Credit Suisse, a global financial services
company domiciled in Switzerland and active in all major financial centres, providing a comprehensive range
of banking products as described under section 2 below. Consistent with its strategy to focus on its
banking businesses, Credit Suisse Group sold Winterthur Swiss Insurance Company to AXA on 22
December 2006.
2. Credit Suisse

Credit Suisse is a Swiss bank and a leading global bank with its registered head office at Paradeplatz 8,
CH-8001 Zürich, Switzerland. Credit Suisse provides financial advisory and capital raising services, sales
and trading for users and suppliers of capital as well as asset management products and services to global
institutional, corporate, government, high-net-worth clients and comprehensive financial advice and
banking products to private clients and small to medium-sized companies.
Credit Suisse is structured along three lines of business. In its investment banking business, Credit Suisse
offers securities products and financial advisory services to corporations, governments, institutional
investors and individual clients. Operating in over 50 locations across more than 20 countries, Credit
Suisse specializes in innovative solutions using expertise in a full spectrum of products: debt and equity
underwriting, sales and trading, alternative capital, mergers and acquisitions, investment research,
correspondent and prime brokerage services.
Financial Information
Financial information relating to the Issuer is contained in its Annual Reports for the years ended, 31st
December, 2004, 31st December, 2005 and 31st December 2006 which are incorporated by reference
in each of the Prospectuses.
The audited annual accounts for the year ended 31st December, 2004 and for the year ended 31st
December, 2005 of Credit Suisse (International) Holding AG, a shareholder of the Issuer and a wholly
owned subsidiary of Credit Suisse, which are hereby incorporated by reference in each of the
Prospectuses and are available to the public over the Internet on Credit Suisse Group’s website at
www.credit-suisse.com.
All historical Financial Information contained in this “Financial Information” section has been audited with
the exception of the Credit Suisse Group interim financial information for which no audit is required.
There has been no material adverse change in the prospects of the Issuer since 31st December, 2006.
General Information
No significant change has occurred in the financial position of the Group as defined in the Registration
Document since 31 st December 2006.
For the life of the Registration Document copies of the following documents may be inspected at
www.credit-suisse.com:
(a) the memorandum and articles of association of the Issuer;
(b) the auditor’s reports of the Issuer and the Group for each of the three financial years preceding
the publication of the Registration Document; and
(c) the historical financial information of the Issuer and the Group for each of the three financial
years preceding the publication of the Registration Document.
To the best of the Issuer's knowledge, having taken all reasonable care to ensure that such is the case, the
information contained in each of the Prospectuses, as supplemented by this Supplement, is in accordance with
the facts and contains no omission likely to affect its import. The Issuer accepts responsibility accordingly. The
information contained in each of the Prospectuses, as supplemented by this Supplement, relating to the
shareholders of the Issuer was provided to the Issuer by its shareholders. It is confirmed that such information
has been accurately reproduced, and as far as the Issuer is aware and is able to ascertain from information
published by the shareholders, no facts have been omitted which would render the reproduced information
inaccurate or misleading. The delivery of each of the Prospectuses, as supplemented by this Supplement, at
any time does not imply that any information contained therein is correct at any time subsequent to the date
hereof.