By Angela McDaniels
Seattle, July 17 - Credit Suisse, Nassau branch priced a $3.05 million issue of 0% Buffered Accelerated Return Equity Securities (Bares) due July 30, 2010 linked to a basket of Asian indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Kospi 200, MSCI Taiwan, MSCI Singapore Free and FTSE/Xinhua China 25 indexes.
The payout at maturity will be par plus 120% of any basket gain. If the basket remains flat or declines by no more than 25%, the payout will be par. Investors will lose 1% for each 1% decline beyond 25%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse, Nassau branch
|
| Issue: | Buffered Accelerated Return Equity Securities (Bares)
|
| Underlying indexes: | Kospi 200, MSCI Taiwan, MSCI Singapore Free and FTSE/Xinhua China 25, equally weighted
|
| Amount: | $3.05 million
|
| Maturity: | July 30, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 120% of any basket gain; par if basket falls by 25% or less; 1% loss for each 1% decline beyond 25%
|
| Pricing date: | July 16
|
| Settlement date: | July 18
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.8%
|
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