Published on 4/26/2007 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $837,000 8.7% reverse convertibles linked to eBay
By E. Janene Geiss
Philadelphia, April 26 - Credit Suisse, Nassau branch, priced $837,000 of 8.7% reverse convertible securities due Oct. 30, 2007 linked to eBay, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par unless eBay stock falls below the knock-in price of $27.01 - 80% of the initial value - during the life of the notes and finishes below its initial price of $33.76, in which case the payout will be a number of eBay shares equal to $1,000 divided by the initial share price.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse, Nassau branch
|
Issue: | Reverse convertible securities
|
Underlying stock: | eBay, Inc.
|
Amount: | $837,000
|
Maturity: | Oct. 30, 2007
|
Coupon: | 8.7%, payable quarterly
|
Price: | Par
|
Payout at maturity: | Par unless eBay stock falls below the knock-in price of $27.01 during the life the notes and finishes below its initial value, in which case payout will be a number of eBay shares equal to $1,000 divided by the initial share price
|
Initial price: | $33.76
|
Knock-in price: | $27.01, 80% of $33.76
|
Exchange ratio: | 29.62
|
Pricing date: | April 24
|
Settlement date: | April 30
|
Agent: | Credit Suisse Securities (USA) LLC
|
Agent fee: | 2%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.