Credit Suisse plans to price 0% Ares linked to S&P 100 index

By Jennifer Chiou

New York, Oct. 30 - Credit Suisse, Nassau Branch plans to price 0% Accelerated Return Equity Securities due Dec. 5, 2012 linked to the S&P 100 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 120% to 130% of any gain on the index, with the participation rate to be set at pricing.

Investors are fully exposed to any index decline.

The notes will price on Nov. 30 and settle on Dec. 3.

Credit Suisse Securities (USA) LLC will be the underwriter.

© 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.