Credit Suisse to price 10.5% reverse convertibles linked to Banco Itau

By Susanna Moon

Chicago, Feb. 8 - Credit Suisse, Nassau branch plans to price 10.5% annualized reverse convertible securities due May 29, 2008 linked to American Depositary Receipts representing preferred shares of Banco Itau Holding Financeira SA, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Banco Itau ADRs fall by more than 30% during the life of the notes and the final price is less than the initial price, in which case the payout will be a number of Banco Itau ADRs equal to par divided by the initial price.

The notes will price and settle in February.

Credit Suisse Securities (USA) LLC will be 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.