New Issue: Credit Suisse prices $1.38 million 16% reverse convertibles linked to RadioShack

By Jennifer Chiou

New York, June 26 - Credit Suisse, Nassau branch priced $1.38 million of 16% reverse convertible securities due June 30, 2009 linked to the common stock of RadioShack Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless RadioShack stock closes below the knock-in price - 60% of the initial share price - 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 RadioShack shares equal to $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse, Nassau branch
Issue:	Reverse convertible securities
Underlying stock:	RadioShack Corp. (NYSE: RSH)
Amount:	$1.38 million
Maturity:	June 30, 2009
Coupon:	16%, payable monthly
Price:	Par
Payout at maturity:	If RadioShack stock falls below the knock-in price during the life of the notes and finishes below the initial share price, a number of RadioShack shares equal to $1,000 divided by the initial share price; otherwise, par
Initial share price:	$12.94
Knock-in price:	$7.76, 60% of initial share price
Pricing date:	June 25
Settlement date:	June 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	4%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.