NEW YORK, Nov 10 (Reuters) - Commercial Bank of Qatar on Tuesday launched a $1.6 billion two-part note sale, with pricing as early as Tuesday, said a market source familiar with the offering.

The sale includes $1.0 billion in five-year notes expected to yield 250 basis points over midswaps and $600 million in 10-year notes expected to yield 400 basis points over midswaps.

The joint lead managers on the offering are Credit Suisse and Morgan Stanley. (Reporting by Caryn Trokie; Editing by Dan Grebler)