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Credit Suisse to price 0% Bares linked to S&P 500
By Susanna Moon
Chicago, Jan. 27 - Credit Suisse, Nassau Branch plans to sell 0% Buffered Accelerated Return Equity Securities due May 27, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be par plus 500% of any index gain, up to a maximum return of 24% to 26%, with the exact amount to be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
The notes are expected to price on Feb. 24 and settle on Feb. 27.
Credit Suisse Securities (USA) LLC will be the underwriter.
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