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.
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Issue: | Currency-linked securities
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Underlying currency: | Dollar/Chinese yuan exchange rate
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Amount: | $2.398 million
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Maturity: | Jan. 30, 2009
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Coupon: | 0%
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Price: | Par
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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
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 2%
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