Published on 3/30/2006 in the Prospect News Convertibles Daily.
New Issue: Credit Suisse sells $4.2 million 12.75% reverse convertibles linked to Briggs & Stratton
By Angela McDaniels
Seattle, March 30 - Credit Suisse (USA) Inc. priced $4,197,000 of 12.75% reverse convertible securities due March 30, 2007 linked to Briggs & Stratton Corp. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
| Issuer: | Credit Suisse (USA) Inc.
|
| Issue: | Reverse convertible securities
|
| Amount: | $4,197,000
|
| Underlying stock: | Briggs & Stratton Corp.
|
| Maturity: | March 30, 2007
|
| Coupon: | 12.75%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless stock falls below knock-in price of $28.16 during the life of the notes and closes below its initial value on March 26, 2007; payout will then be 28.409 shares of Briggs & Stratton stock
|
| Initial share price: | $35.20
|
| Trigger price: | $28.16, 80% of initial price
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriter: | Credit Suisse
|
|
|
© 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.
