Published on 2/24/2010 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $245,000 90% protected ProNotes linked to four currencies
By Angela McDaniels
Tacoma, Wash., Feb. 24 - Credit Suisse, Nassau Branch priced $245,000 of zero-coupon 90% principal-protected ProNotes due May 29, 2012 linked to the performance of a basket of currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.
The equally weighted basket includes the Australian dollar, Brazilian real, Canadian dollar and Norwegian krone.
The payout at maturity will be par plus the basket return, subject to a maximum loss of 10% if that return is negative.
Credit Suisse Securities (USA) LLC is the agent.
| 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 against the U.S. dollar
|
| Amount: | $245,000
|
| Maturity: | May 29, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return, subject to a maximum loss of 10% if return is negative
|
| Initial exchange rates: | 0.901100 for Australian dollar; 0l553342 for real; 0.960061 for Canadian dollar; 0.169385 for krone
|
| Pricing date: | Feb. 22
|
| Settlement date: | Feb. 26
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.75%
|
| Cusip: | 22546ESN5
|
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