Credit Suisse to sell 0% ARES due 2011 linked to S&P 500

By Jennifer Chiou

New York, Feb. 6 - Credit Suisse, Nassau Branch plans to price 0% Accelerated Return Equity Securities due Feb. 24, 2011 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par plus 1,000% of any gain on the index, up to a maximum return of 48% to 52%. The exact cap will be set at pricing.

Investors will share in any losses.

The notes will price on Feb. 18 and settle on Feb. 24.

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

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