Published on 4/26/2006 in the Prospect News Convertibles Daily.
New Issue: Credit Suisse prices $0.23 million 9% reverse convertibles linked to Expedia
New York, April 26 - Credit Suisse (USA) Inc. priced $0.23 million of 9% reverse convertible securities due April 27, 2007 linked to Expedia, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Issuer: | Credit Suisse (USA) Inc.
|
Issue: | Reverse convertible securities
|
Amount: | $0.23 million
|
Underlying stock: | Expedia, Inc.
|
Maturity: | April 27, 2007
|
Coupon: | 9%, payable quarterly
|
Price: | Par
|
Payout at maturity: | Par unless stock falls below knock-in price of $14.696 during the life of the notes and closes below its initial value on April 23, 2007, payout will then be par of $1,000 divided by $18.37 shares of Expedia stock
|
Initial share price: | $18.37
|
Knock-in price: | $14.696, 80% of initial price
|
Pricing date: | April 25
|
Settlement date: | April 28
|
Underwriter: | Credit Suisse
|
|
© 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.