E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/29/2007 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $2.398 million 0% notes linked to dollar/yuan rate

By Jennifer Chiou

New York, Jan. 29 - Credit Suisse (USA), Inc. priced a $2.398 million issue of 0% securities due Jan. 30, 2009 linked to the dollar/Chinese yuan exchange rate, according to a 424B2 filing with the Securities and Exchange Commission.

If the final rate is less than the initial level, the payout at maturity is par plus 2.7 times the difference.

If the final rate level is greater than the initial level, the payout will be par.

Issuer:Credit Suisse (USA), Inc.
Issue:Currency-linked securities
Underlying currency:Dollar/Chinese yuan exchange rate
Amount:$2.398 million
Maturity:Jan. 30, 2009
Coupon:0%
Price:Par
Payout at maturity:If the final rate is less than the initial value, investors will receive par plus 2.7 times the difference; par if the final level is greater than the initial level
Pricing date:Jan. 26
Settlement date:Jan. 31
Underwriter:Credit Suisse Securities (USA) LLC
Fees: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.