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Credit Suisse plans issue of 0% Bares linked to Asian index basket
By Angela McDaniels
Seattle, Oct. 2 - Credit Suisse (USA), Inc. plans to sell an issue of 0% Buffered Accelerated Return Equity Securities (Bares) due April 30, 2010 linked to basket of Asian indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket will include the MSCI Singapore Free, MSCI Taiwan, Korea Stock Price 200 and FTSE/Xinhua China 25 indexes, each with a 25% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 110% of the gain on the basket.
If the basket loses up to 20%, the payout at maturity will be par. Investors will share in losses equal to the basket decline beyond 20% up to a maximum loss of 80% of the principal amount.
Credit Suisse Securities (USA) LLC will be the underwriter.
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