Credit Suisse to price Cert Plus notes linked to S&P 500

By Susanna Moon

Chicago, March 31 - Credit Suisse, Nassau branch plans to price 0% Cert Plus notes due Oct. 28, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, investors will receive par plus up to 110% of any index gain, with the exact participation rate to be set at pricing.

If the final index level is less than the initial level, the payout will be par if the index remains above the trigger level - 60% of the initial level - throughout the life of the notes. Otherwise, investors will be fully exposed to the decline.

The notes are expected to price and settle in April.

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

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