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Credit Suisse plans reverse dual directional buffered notes linked to S&P 500 via JPMorgan
By Jennifer Chiou
New York, Sept. 19 - Credit Suisse, Nassau branch plans to price 0% reverse dual directional buffered return enhanced notes due Oct. 8, 2009 linked to the S&P 500 index via J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double the absolute value of the index return, capped at 16.7%. Investors will receive par for gains up to 10% and will share in losses at a rate of 1.1111% per 1% gain beyond 10%.
The notes are expected to price on Sept. 22 and settle on Sept. 25.
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