Credit Suisse to price optimal entry return enhanced notes linked to iShares MSCI Brazil fund via JPMorgan

By E. Janene Geiss

Philadelphia, May 29 - Credit Suisse, Nassau Branch plans to price 0% optimal entry return enhanced notes due Sept. 13, 2010 linked to the iShares MSCI Brazil Index Fund, according to an FWP filing with the Securities and Exchange Commission.

J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA are the agents.

If the final fund level is greater than the lookback level, the payout at maturity will be par plus triple any gain on the fund. The payout will be subject to a maximum return of at least 22.9% with the exact cap to be set at pricing.

If the final fund level is less than the lookback level, investors will be fully exposed to the decline.

The lookback level will be the fund's lowest closing level during the 90 calendar days that begin on the pricing date. The final fund level will be the average of the fund's closing levels on the five trading days ending Sept. 8, 2010.

The notes are expected to price June 1 and settle June 4.

© 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.