By Susanna Moon
Chicago, May 12 - Credit Suisse priced $1 million of 9.2% reverse convertible securities due May 18, 2009 linked to Intuit Inc. stock, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly.
Payout at maturity will be par unless the stock falls below the knock-in price - 70% of the initial value - during the life of the notes and finishes below its initial price, in which case the payout will be a number of Intuit shares equal to $1,000 divided by the initial share price.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse
|
| Issue: | Reverse convertible securities
|
| Underlying stock: | Intuit Inc. (Nasdaq: INTU)
|
| Amount: | $1 million
|
| Maturity: | May 18, 2009
|
| Coupon: | 9.2%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless Intuit stock falls below the knock-in price during the life of the notes and finishes below its initial price, in which case payout will be 37.1609 Intuit shares
|
| Initial share price: | $26.91
|
| Knock-in price: | $18.84, or 70% of initial share price
|
| Pricing date: | May 9
|
| Settlement date: | May 16
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.7%
|
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