By Angela McDaniels
Seattle, March 27 - Credit Suisse (USA), Inc. priced a $46.514 million issue of 0% Buffered Accelerated Return Equity Securities (Bares) due March 31, 2011 linked to a global index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 70% weight, the Russell 2000 index with a 10% weight, the Dow Jones Euro Stoxx 50 index with an 8% weight, the Nikkei 225 index with a 5% weight, the FTSE 100 index with a 5% weight and the S&P/ASX 200 index with a 2% weight.
The payout at maturity will be par plus 116% of any percentage increase in the basket level.
If the basket level remains flat or declines by no more than 20%, the payout will be par. Investors will lose 1% for each 1% decline beyond 20%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse (USA), Inc.
|
| Issue: | Buffered Accelerated Return Equity Securities (Bares)
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| Underlying indexes: | S&P 500 (70% weight), Russell 2000 (10% weight), Dow Jones Euro Stoxx 50 (8% weight), Nikkei 225 (5% weight), FTSE 100 (5% weight) and S&P/ASX 200 (2% weight)
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| Amount: | $46.514 million
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| Maturity: | March 31, 2011
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 116% of any basket gain; par if basket remains flat or falls by no more than 20%; 1% loss for each 1% decline beyond 20%
|
| Pricing date: | March 23
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| Settlement date: | March 28
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| Underwriter: | Credit Suisse Securities (USA) LLC
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| Underwriting discount: | None
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