By Susanna Moon
Chicago, May 27 - Credit Suisse, Nassau branch priced $390,000 15% callable yield notes due May 29, 2009 linked to three stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The reference stocks are Goldman Sachs Group Inc., JPMorgan Chase & Co. and American International Group, Inc.
Interest is payable quarterly.
Credit Suisse may call the notes at par in whole, but not in part, on any interest payment date.
If the notes are not called early and any reference stock closes at or below its knock-in level - 65% of its initial level - during the life of the notes, the payout at maturity will be par times the performance of the worst-performing stock, capped at a payout of par.
If the notes are held to maturity and no such knock-in event occurs, the payout will be par.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse, Nassau Branch
|
| Issue: | Callable yield notes
|
| Underlying stocks: | Goldman Sachs Group Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM) and American International Group, Inc. (NYSE: AIG)
|
| Amount: | $390,000
|
| Maturity: | May 29, 2009
|
| Coupon: | 15%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If any stock closes below 65% of its initial level during life of notes, par times performance of worst-performing stock; otherwise, par
|
| Initial share prices: | $172.64 for Goldman Sachs, $42.32 for JPMorgan and $36.95 for AIG
|
| Knock-in prices: | $112.216 for Goldman Sachs, $27.508 for JPMorgan and $24.018 for AIG; 65% of initial prices
|
| Call: | At par on any interest payment date
|
| Pricing date: | May 22
|
| Settlement date: | May 29
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2%
|
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