Credit Suisse plans to price 13-month Bares linked to S&P 500 index

By Jennifer Chiou

New York, April 30 - Credit Suisse, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due July 2, 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 19% to 21%. The exact cap will be set at pricing.

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 May 29 and settle on June 3.

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

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