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Credit Suisse to price principal-protected notes linked to Asian currency basket
By Angela McDaniels
Seattle, April 3 - Credit Suisse plans to price an offering of 0% principal-protected securities due Jan. 27, 2010 linked to a basket of currencies, according to a term sheet.
The basket will include equal weights of the Philippine peso/dollar, Indonesian rupiah/dollar, Malaysian ringgit/dollar, Indian rupee/dollar and Korean won/dollar spot exchange rates.
The payout at maturity will be triple any percentage increase in the basket. Investors will receive at least par.
The notes will price and settle sometime in April.
Credit Suisse Securities (USA) LLC will be the underwriter.
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