Credit Suisse plans Ares linked to lesser performing of S&P 500, Russell 2000 indexes

By Angela McDaniels

Tacoma, Wash., Sept. 30 - Credit Suisse, Nassau Branch plans to price 0% Accelerated Return Equity Securities due Nov. 5, 2012 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the final level of the lesser performing index is greater than or equal to its initial level, the payout at maturity will be par plus a fixed payment of 58% to 60%. The exact fixed payment will be set at pricing.

If the final level of the lesser performing index is less than its initial level, the payout will be par minus the decline.

The notes are expected to price Oct. 30 and settle Nov. 4.

Credit Suisse Securities (USA) LLC is the underwriter.

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