Published on 7/29/2008 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $881,000 Digital Plus ProNotes linked to BRIC currencies
By Angela McDaniels
Tacoma, Wash., July 29 - Credit Suisse, Nassau branch priced $881,000 of 0% Digital Plus ProNotes due July 30, 2010 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Brazilian real, Russian ruble, Indian rupee and Chinese yuan, equally weighted.
If the basket appreciates relative to the dollar by more than 10%, the payout at maturity will be par plus the basket return. If the basket strengthens by 10% or less, the payout will be 110% of par.
If the basket depreciates relative to the dollar, investors will receive par.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse, Nassau branch
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Issue: | Digital Plus ProNotes
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Underlying currencies: | Brazilian real, Russian ruble, Indian rupee and Chinese yuan, equally weighted
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Amount: | $881,000
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Maturity: | July 30, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket appreciates versus the dollar by more than 10%, par plus the basket return; if the basket appreciates by 10% or less, par plus 10%; if the basket depreciates versus the dollar, par
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Pricing date: | July 25
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Settlement date: | July 31
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1.5%
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