By Jennifer Chiou
New York, June 12 - Credit Suisse, Nassau Branch priced $2.97 million of 0% Buffered Accelerated Return Equity Securities due June 15, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus a fixed 18% payment.
Investors will receive par if the index falls by up to 20% and will be exposed to losses beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse, Nassau Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | S&P 500
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Amount: | $2,967,000
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Maturity: | June 15, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus a fixed 18% payment if index gains; par if index falls by up to 20% and share in losses beyond 20%
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Initial level: | 939.15
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Pricing date: | June 10
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Settlement date: | June 15
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 2.5%
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