By Angela McDaniels
Tacoma, Wash., Feb. 25 - Credit Suisse, Nassau Branch said the additional 404,000 0% Elements exchange-traded notes due April 10, 2023 linked to the MLCX Livestock Index - Total Return it priced on Tuesday were offered at 79.115.
The company announced that it priced the additional notes - equivalent to $4.04 million principal amount- in a news release on Tuesday and disclosed the price in a 424B2 filing with the Securities and Exchange Commission on Wednesday.
The addition brings the total principal amount of notes outstanding to $6.54 million.
The payout at maturity will be par of $10 plus the index return minus an annual investor fee of 0.75% times the proportion of days elapsed.
The notes became putable on April 8, 2008, subject to a minimum of $2.5 million principal amount of notes, and they will be callable beginning April 7, 2011 if the outstanding principal amount is $5 million or less.
The Elements are listed on the NYSE Arca under the symbol "LSO."
The company said it does not expect to issue any additional Elements linked to the MLCX Livestock index.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse, Nassau Branch
|
| Issue: | Elements
|
| Underlying index: | MLCX Livestock Index - Total Return
|
| Amount: | $6.54 million
|
| Maturity: | April 10, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10 for original issue; 79.115 for add-on
|
| Payout at maturity: | Par plus the index return minus an annual investor fee of 0.75% times the proportion of days elapsed
|
| Put option: | From April 8, 2008 onward, subject to a minimum of $2.5 million
|
| Call option: | Beginning April 7, 2011 if the outstanding principal amount is $5 million or less
|
| Pricing date: | April 1, 2008 for original issue; Feb. 24 for add-on
|
| Settlement date: | April 7, 2008 for original issue; Feb. 26 for add-on
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Symbol: | NYSE Arca: LSO
|
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