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Credit Suisse to price M-ProNotes linked to S&P 500
By Susanna Moon
Chicago, Feb. 27 - Credit Suisse, Nassau Branch plans to price 0% Market Neutral Barrier ProNotes due Oct. 5, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index stays within its barrier range during the life of the notes, the payout at maturity will be par plus the absolute value of the index return. Otherwise, the payout will be par.
The upper barrier is expected to be 127.5% to 132.5% of the initial index level, and the lower barrier is expected to be 80% of the initial level. The exact range will be set at pricing.
The notes are expected to price on March 31 and settle on April 3.
Credit Suisse Securities (USA) LLC will be the underwriter.
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