By Jennifer Chiou
New York, Sept. 11 - Credit Suisse (USA), Inc. priced $2.81 million of 0% Buffered Accelerated Return Equity Securities due Sept. 21, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus double the percentage gain, capped at 16.25%.
If the index loses up to 10%, the payout at maturity will be par. Investors will share in losses at a rate of 1.1111% per 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC will be the underwriter.
| Issuer: | Credit Suisse (USA), Inc.
|
| Issue: | Buffered Accelerated Return Equity Securities
|
| Underlying index: | S&P 500
|
| Amount: | $2.81 million
|
| Maturity: | Sept. 21, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any basket gain, capped at 16.25%; par if basket remains flat or falls by no more than 10%; 1.1111% loss for each 1% decline beyond 10%
|
| Initial index level: | 1,257.76
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 15
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Underwriting discount: | 1%
|
© 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.
