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Credit Suisse plans protected ProNotes linked to S&P 500, ETF basket
By Jennifer Chiou
New York, Jan. 28 - Credit Suisse, Nassau Branch plans to price zero-coupon principal-protected ProNotes due March 3, 2015 linked to a basket with one index and four exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 50% weight, the iShares Barclays 20+ Year Treasury Bond fund with a 25% weight, the iShares MSCI EAFE index fund with a 10% weight, the SPDR Gold trust with a 10% weight and the iShares MSCI Emerging Markets index fund with a 5% weight.
The payout at maturity will be par plus 125% to 140% of any basket gain. Investors will receive at least par.
The final basket level will be the average of the basket's closing levels on Feb. 26 of each year from 2011 through 2015.
The notes are expected to price on Feb. 25 and settle on March 2.
Credit Suisse Securities (USA) LLC is the agent.
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