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Credit Suisse plans issue of 0% ARES linked to index basket
By Laura Lutz
Washington, Dec. 21 - Credit Suisse (USA), Inc. plans to sell an issue of 0% Accelerated Return Equity Securities (ARES) due June 29, 2012 linked to a basket of global indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket will include a 40% weighting of the Euro Stoxx 50 index, 25% of the Nikkei 225 index, 25% of the FTSE 100 index and 10% of the S&P/ASX 200 index.
If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 195% of the gain on the basket. If the index declines, investors will lose proportionally with the drop.
Credit Suisse Securities (USA) LLC will be the underwriter.
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