By Jennifer Chiou
New York, July 17 - Credit Suisse, Nassau branch priced a $2.375 million issue of 0% Buffered Accelerated Return Equity Securities (Bares) due July 16, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 106% of any positive return on the index.
If the index level declines by no more than 15%, the payout will be par. Investors will lose 1% for each 1% decline beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse, Nassau branch
|
| Issue: | Buffered Accelerated Return Equity Securities (Bares)
|
| Underlying index: | S&P 500
|
| Amount: | $2.375 million
|
| Maturity: | July 16, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 106% of any index gain; par if index falls by no more than 15%; 1% loss for each 1% decline beyond 15%
|
| Initial index level: | 1,552.50
|
| Pricing date: | July 13
|
| Settlement date: | July 18
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
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