By Laura Lutz
Des Moines, April 28 - Credit Suisse, Nassau Branch priced $1.03 million of 12% callable yield notes due April 30, 2009 linked to three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The references 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 - 65% 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 index, Nikkei 225 index and Dow Jones Euro Stoxx 50 index
|
| Amount: | $1,025,000
|
| Maturity: | April 30, 2009
|
| Coupon: | 12%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If any index closes below 65% of initial level during life of notes, par times performance of worst-performing index; otherwise, par
|
| Initial levels: | 1,397.84 for S&P 500; 13,863.47 for Nikkei 225; 3,794.39 for Euro Stoxx 50
|
| Call: | At par on any interest payment date
|
| Pricing date: | April 25
|
| Settlement date: | April 29
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.7%
|
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