Published on 1/27/2010 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $350,000 90% protected ProNotes on four currencies
By Susanna Moon
Chicago, Jan. 27 - Credit Suisse, Nassau Branch priced $350,000 of zero-coupon 90% principal-protected ProNotes due Jan. 30, 2012 based on the performance of a basket of four equally weighted currencies against the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are the Australian dollar, Brazilian real, Canadian dollar and Norwegian krone.
The payout at maturity will be par plus any gain in the basket.
Investors will be exposed to losses of up to 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse, Nassau branch
|
| Issue: | 90% principal-protected ProNotes
|
| Underlying currencies: | Australian dollar, Brazilian real, Canadian dollar and Norwegian krone, equally weighted and each versus U.S. dollar
|
| Amount: | $350,000
|
| Maturity: | Jan. 30, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain; exposure to any basket decline, with floor of 90% of par
|
| Initial exchange rates: | 0.905 for Australian dollar; 0.550206 for real; 0.945805 for Canadian dollar; 0.172191 for krone
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 29
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.5%
|
| Cusip: | 22546ERN6
|
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