New Issue: Credit Suisse prices $2.67 million 12.65% reverse convertibles linked to Amdocs

By Laura Lutz

Indianapolis, Jan. 23 - Credit Suisse (USA) Inc. priced $2.67 million 12.65% reverse convertible securities due Jan. 25, 2008 linked to Amdocs Ltd. common stock, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash if, on Jan. 18, 2008, Amdocs stock closes at or above its initial level of $33.60.

If Amdocs stock finishes below its initial level, the payout will be a number of Amdocs shares equal to $1,000 divided by the initial level.

Issuer:	Credit Suisse (USA) Inc.
Issue:	Reverse convertible securities
Underlying stock:	Amdocs Ltd.
Amount:	$2.67 million
Maturity:	Jan. 25, 2008
Coupon:	12.65%, payable quarterly
Price:	Par
Payout at maturity:	Par if stock finishes above $33.60; otherwise, 29.7619 shares of Amdocs stock
Initial share price:	$33.60
Knock-in price:	$33.60, 100% of initial price
Pricing date:	Jan. 19
Settlement date:	Jan. 25
Underwriter:	Credit Suisse Securities (USA) LLC
Underwriter discount:	0.5%

© 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.