Published on 3/30/2005 in the Prospect News Convertibles Daily.
New Issue: Credit Suisse First Boston sells $1 million 12% reverse convertibles
By Caroline Salls
Pittsburgh, March 30 - Credit Suisse First Boston (USA) Inc. priced $1 million of one-year 12% reverse convertible securities linked to eBay Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
| Issuer: | Credit Suisse First Boston (USA) Inc.
|
| Issue: | Reverse convertible securities
|
| Underlying stock: | eBay Inc.
|
| Amount: | $1 million
|
| Coupon: | 12%, payable quarterly
|
| Maturity: | March 31, 2006
|
| Price: | Par
|
| Payout at maturity: | Par in cash if eBay stock never trades at knock-in level or below, otherwise smaller of par in cash or $1,000/$35.91
|
| Knock-in price: | $28.73, 80% of initial price of $35.91
|
| Exchange ratio: | $1,000/$35.91
|
| Exchange price: | $35.91
|
| Call: | Non-callable
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Lead manager: | Credit Suisse First Boston
|
| Distribution: | Off shelf
|
|
|
© 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.
