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Credit Suisse to price 15.5% select method reverse convertibles linked to Hess
By Jennifer Chiou
New York, April 16 - Credit Suisse, Nassau Branch plans to price 15.5% select method reverse convertible securities due July 30, 2008 linked to the common stock of Hess Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless Hess shares fall by more than 25% during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of Hess shares equal to par divided by the initial share price.
The notes will price and settle in April.
Credit Suisse Securities (USA) LLC will be the underwriter.
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