Credit Suisse plans dual directional barrier notes linked to S&P 500 via JPMorgan

By Susanna Moon

Chicago, Sept. 23 - Credit Suisse, Nassau Branch plans to price zero-coupon contingent payment dual directional barrier notes due April 6, 2009 linked to the S&P 500 index via JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc., according to an FWP filing with the Securities and Exchange Commission.

If the index stays within its barrier range during the life of the notes, the payout at maturity will be par plus the absolute value of the index return, capped at 9.9%.

The upper barrier will be 109.9% of the initial index level. The lower barrier will be 90.1% of the initial level.

Investors will receive at least par.

The notes are expected to price on Sept. 24 and settle on Sept. 29.

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