By Laura Lutz
Des Moines, July 27 - Credit Suisse, Nassau branch priced a $75,000 issue of 0% Buffered Accelerated Return Equity Securities (Bares) due July 29, 2011 linked to a global index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 25% weight, the FTSE 100 index with a 25% weight, the Swiss Market index with a 6% weight, the FTSE/Xinhua China 25 index with a 6% index; the Tokyo Stock Price index with a 28% weight and the S&P/ASX 200 index with a 10% weight.
The payout at maturity will be par plus 135% of any positive return on the basket.
If the basket level declines by up to 15%, the payout will be par. Investors will lose 1% for each 1% decline beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse, Nassau branch
|
| Issue: | Buffered Accelerated Return Equity Securities (Bares)
|
| Underlying indexes: | Euro Stoxx 50 index with a 25% weight, FTSE 100 index with a 25% weight, Swiss Market index with a 6% weight, FTSE/Xinhua China 25 index with a 6% index; Tokyo Stock Price index with a 28% weight and S&P/ASX 200 index with a 10% weight
|
| Amount: | $75,000
|
| Maturity: | July 29, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 135% of any basket gain; par if basket falls by no more than 15%; 1% loss for each 1% decline beyond 15%
|
| Pricing date: | July 25
|
| Settlement date: | July 31
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3%
|
© 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.
