Published on 3/27/2008 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $550,000 0% ARES linked to Euro Stoxx 50
By Jennifer Chiou
New York, March 27 - Credit Suisse, Nassau branch priced a $550,000 issue of 0% Accelerated Return Equity Securities (ARES) due April 30, 2009 linked to the Dow Jones Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus quadruple the gain on the index, capped at 19.25%. Investors will be fully exposed to any decline in the index.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse, Nassau branch
|
Issue: | Accelerated Return Equity Securities (ARES)
|
Underlying index: | Dow Jones Euro Stoxx 50 index
|
Amount: | $550,000
|
Maturity: | April 30, 2009
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index performance is positive, par plus quadruple the gain on index, capped at 19.25%; otherwise, return on the index
|
Initial index level: | 3,611.45
|
Pricing date: | March 25
|
Settlement date: | March 31
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 1.78%
|
© 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.