Credit Suisse to price ARES linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 29 - Credit Suisse, Nassau branch plans to price 0% Accelerated Return Equity Securities (ARES) due July 30, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, subject to a maximum return that is expected to be 14% to 16% and will be set at pricing. Investors will be fully exposed to any index decline.

The notes will price in June and settle on June 30.

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

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