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Credit Suisse plans issue of 0% Bares linked to global index basket
By Jennifer Chiou
New York, Sept. 7 - Credit Suisse (USA), Inc. plans to sell an issue of 0% Buffered Accelerated Return Equity Securities (Bares) due Sept. 30, 2009 linked to a global index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket will include the Dow Jones Euro Stoxx 50 index with a 39% weight, FTSE 100 index with a 29% weight, Nikkei 225 index with a 28% weight and the S&P/ASX 200 index with a 4% weight.
If the final basket level is greater than the initial basket level, investors will share in 115% of the percentage gain. If the basket loses up to 20%, investors will receive par. Investors will share in losses equal to the basket decline beyond 20%.
The final basket level will be the average of the level of the indexes on the 23rd day of each month from July 2009 through and including September 2009.
Credit Suisse will be the underwriter.
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