Credit Suisse plans 0% ARES linked to Global Alternative Energy

By Laura Lutz

Des Moines, June 11 - Credit Suisse (USA), Inc. plans to price 0% Accelerated Return Equity Securities (ARES) due June 29, 2011 linked to the Credit Suisse Global Alternative Energy index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to price and settle in June.

The index consists of stocks of 30 companies, each operating in one of five alternative energy sectors: natural gas; wind; solar; bioenergy and biomass; and geothermal, hydropower, fuel cells and batteries.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 115% of the gain on the index. Investors will be fully exposed to any decline in the index.

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

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