By Jennifer Chiou
New York, March 26 - Credit Suisse, Nassau Branch priced $1.41 million of 12% callable yield notes due March 31, 2009 linked to three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The reference indexes are the S&P 500 index, the Nikkei 225 index and the Dow Jones Euro Stoxx 50 index.
Interest will be payable monthly.
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 index closes at or below its knock-in level - 68% of its initial level - during the life of the notes, the payout at maturity will be par times the performance of the worst-performing index, 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 indexes: | S&P 500, Nikkei 225, Dow Jones Euro Stoxx 50
|
| Amount: | $1.41 million
|
| Maturity: | March 31, 2009
|
| Coupon: | 12%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if no knock-in event occurs; if any reference index closes at or below 68% of its initial level during the life of the notes, par times the performance of the worst-performing index, capped at par
|
| Initial levels: | S&P 500 at 1,352.99; Nikkei 225 at 12,745.22; Dow Jones Euro Stoxx 50 at 3,632.59
|
| Knock-in levels: | S&P 500 at 920.0332; Nikkei 225 at 8,666.7496; Dow Jones Euro Stoxx 50 at 2,470.1612, 68% of initial level
|
| Call: | In whole on any interest payment date
|
| Pricing date: | March 24
|
| Settlement date: | March 31
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2%
|
© 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.
