Credit Suisse plans issue of Digital CertPLUS notes linked to S&P 500

By E. Janene Geiss

Philadelphia, April 15 - Credit Suisse (USA), Inc. plans to sell 0% Digital CertPLUS notes due Nov. 21, 2008 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to price in April and settle April 21.

If the final index level is above the initial level, the notes will pay a digital coupon of 9.75%.

The payout will be par if the index declines but stays above 80% of its initial level - the contingent barrier - during the life of the note. If the trigger is hit, investors will be fully exposed to the decline.

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

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