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Credit Suisse plans to sell 0% Bares due 2012 linked to S&P 500 index
By E. Janene Geiss
Philadelphia, Dec. 31 - Credit Suisse, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due Jan. 31, 2012 linked to the S&P 500 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, up to a maximum return of 20% to 23%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% the index declines beyond 10%.
The notes will price on Jan. 26 and settle on Jan. 29.
Credit Suisse Securities (USA) LLC will be the underwriter.
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