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Credit Suisse plans 90% protected ProNotes linked to four currencies
By Angela McDaniels
Tacoma, Wash., Nov. 25 - Credit Suisse, Nassau Branch plans to price zero-coupon 90% principal-protected ProNotes due Dec. 28, 2012 linked to the performance of a basket of currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.
The basket includes equal weights of the Australian dollar, Brazilian real, Canadian dollar and Norwegian krone.
The payout at maturity will be par plus 115% to 125% of any basket gain, with the exact participation rate to be set at pricing. Investors will be exposed to any basket decline, subject to a minimum payout of 90% of par.
The notes are expected to price Dec. 23 and settle Dec. 29.
Credit Suisse Securities (USA) LLC is the underwriter.
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