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Credit Suisse to price 0% notes linked to S&P 500
By Jennifer Chiou
New York, Jan. 19 - Credit Suisse (USA), Inc. is planning an issue of four-year contingent protection securities due Jan. 29, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will not pay interest.
The payout will be based on the performance of the S&P 500 index up to and including the final valuation date, Jan. 26, 2010. If the index level remains above 75% of the initial index level at all times, investors will receive the greater of 10% or the gain on the index level. If the index level falls to or below 75% of the initial index level at any time, investors will share in any gains or losses.
Credit Suisse First Boston is the underwriter.
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