New Issue: Credit Suisse prices $4.16 million 0% Bares linked to S&P 500

By Jennifer Chiou

New York, March 11 - Credit Suisse, Nassau Branch priced $4.16 million of 0% Buffered Accelerated Return Equity Securities due March 15, 2011 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 125% of any index gain, up to a maximum return of 55%.

Investors will receive par if the index falls by up to 20% and will be exposed to losses beyond 20%.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse, Nassau Branch
Issue:	Buffered Accelerated Return Equity Securities
Underlying index:	S&P 500
Amount:	$4,164,000
Maturity:	March 15, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any index gain, capped at 55%; par if index falls by up to 20%; exposure to losses beyond 20%
Initial level:	719.6
Pricing date:	March 10
Settlement date:	March 13
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	0.1%

© 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.