New Issue: Credit Suisse prices $410,000 0% ARES linked to S&P 500

By Laura Lutz

Des Moines, March 28 - Credit Suisse (USA), Inc. priced $410,000 of 0% Accelerated Return Equity Securities (ARES) due April 30, 2009 linked to the S&P 500 index, according to a 424B8 filing with the Securities and Exchange Commission.

If the final index level is at least the initial index level, the payout at maturity will be par plus 400% of any gain on the index, capped at a maximum payout equal to 117.5% of par.

Otherwise, the payout will be par times the index performance.

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

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Accelerated Return Equity Securities (ARES)
Underlying index:	S&P 500
Amount:	$410,000
Maturity:	April 30, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least initial level, par plus 400% of any index gain, capped at payout equal to 117.5% of par; otherwise, par times index performance
Initial index level:	1,352.99
Pricing date:	March 25
Settlement date:	March 31
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	FIS
Fees:	1.56%

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