Credit Suisse to price 15-month Bares linked to S&P 500

By Jennifer Chiou

New York, April 2 - Credit Suisse, Nassau Branch plans to sell 0% Buffered Accelerated Return Equity Securities due July 30, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is at least the initial level, the payout at maturity will be par plus 500% of the gain, capped at a return of 21% to 23%.

If the final index level is at least 90% of the initial level and less than the initial level, the payout at maturity will be par.

Investors will lose 1% for every 1% decline beyond 10%.

The notes will price on April 27 and settle on April 30.

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

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