Credit Suisse plans issue of 0% Bares linked to global index basket

By Angela McDaniels

Seattle, Sept. 28 - Credit Suisse (USA), Inc. plans to sell an issue of 0% Buffered Accelerated Return Equity Securities (Bares) due Oct. 29, 2010 linked to a global index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket will include the S&P 500 index with a 40% weight, the Dow Jones Euro Stoxx 50 index with a 30% weight and the Nikkei 225 index with a 30% weight.

If the final basket level is greater than the initial basket level, the payout at maturity will be par plus the percentage gain, which will be multiplied by an additional percentage expected to be between 120% and 125%.

If the basket loses up to 20%, the payout at maturity will be par. Investors will share in losses equal to the basket decline beyond 20% up to a maximum loss of 80% of the principal amount.

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

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