Published on 4/28/2005 in the Prospect News Convertibles Daily.
New Issue: CSFB sells $1 million 7.5% reverse convertibles linked to Starbucks
New York, April 28 - Credit Suisse First Boston (USA) Inc. priced $1 million of one-year 7.5% reverse convertible securities linked to Starbucks Corp. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Issuer: | Credit Suisse First Boston (USA) Inc.
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Issue: | Reverse convertible securities
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Underlying stock: | Starbucks Corp.
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Amount: | $1 million
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Coupon: | 7.5%, payable quarterly
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Maturity: | April 28, 2006
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Price: | Par
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Payout at maturity: | Par in cash if Starbucks stock never trades at knock-in level or below, otherwise smaller of par in cash or $1,000/$46.61
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Knock-in price: | 80% of initial price of $46.61
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Exchange ratio: | $1,000/$46.61
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Exchange price: | $46.61
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Call: | Non-callable
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Pricing date: | April 26
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Settlement date: | April 29
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Lead manager: | Credit Suisse First Boston
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Distribution: | Off shelf
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