Published on 9/2/2009 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $599,000 Bares due 2010 linked to S&P 500 index
By Jennifer Chiou
New York, Sept. 2 - Credit Suisse, Nassau Branch priced $599,000 of 0% Buffered Accelerated Return Equity Securities due Dec. 3, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus four times any index gain, subject to a maximum return of 16%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
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: | $599,000
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Maturity: | Dec. 3, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus four times any index gain, up to maximum return of 16%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial index level: | 1,020.62
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Pricing date: | Aug. 31
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Settlement date: | Sept. 3
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 0.75%
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