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Credit Suisse to sell 95% protected ProNotes tied to SPDR Gold Trust
By E. Janene Geiss
Philadelphia, Sept. 9 - Credit Suisse, Nassau Branch plans to price zero-coupon 95% principal-protected ProNotes due March 31, 2014 linked to the SPDR Gold Trust, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain on the trust, up to a maximum return of 50%, with the exact cap to be set at pricing.
Investors will receive par if the trust declines by 5% or less and will face any losses if the trust level declines beyond 5%.
The notes are expected to price Sept. 22 and settle Sept. 29.
Credit Suisse Securities (USA) LLC will be the agent.
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