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Credit Suisse to price 10% reverse convertibles linked to H&R Block
By Susanna Moon
Chicago, April 7 - Credit Suisse, Nassau branch plans to price 10% annualized reverse convertible securities due July 30, 2008 linked to the common stock of H&R Block, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless H&R Block shares fall by more than 25% during the life of the notes and the final share price is less than the initial price, in which case the payout will be a number of H&R Block 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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