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Credit Suisse plans 0% Bares due 2012 linked to S&P 500, Russell 2000
By Jennifer Chiou
New York, March 1 - Credit Suisse, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due Oct. 1, 2012 linked to equal weights of the S&P 500 index and Russell 200 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain on the index basket, up to a maximum return of 32% to 34%. The exact cap will be set at pricing.
Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% the basket declines beyond 10%.
The notes will price on March 26 and settle on March 31.
Credit Suisse Securities (USA) LLC will be the underwriter.
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