Credit Suisse offers contingent coupon ProNotes due 2013 on 10 stocks

By Susanna Moon

Chicago, Feb. 2 - Credit Suisse, Nassau Branch plans to price contingent coupon principal-protected ProNotes due Feb. 28, 2013 based on a basket of 10 equally weighted stocks, according to an FWP filing with the Securities and Exchange Commission.

The underlying companies are Alcoa Inc., AT&T Inc., American Express Co., E.I. Du Pont de Nemours and Co., General Electric Co., JPMorgan Chase & Co., Johnson & Johnson, Merck & Co., Inc., Exxon Mobil Corp. and Verizon Communications Inc.

The coupon will be based on the basket return, payable semiannually. The return of each basket component will have a cap of 3% to 4% with the exact cap to be set at pricing.

The payout at maturity will be par.

The notes are expected to price on Feb. 25 and settle on March 2.

Credit Suisse Securities (USA) LLC is the underwriter.

© 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.