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Credit Suisse to price 0% accelerated return securities linked to aluminum
By Laura Lutz
Des Moines, March 11 - Credit Suisse, Nassau branch plans to price an offering of 0% accelerated return securities due March 31, 2010 linked to aluminum, according to a 424B2 filing with the Securities and Exchange Commission.
If the final price of aluminum is at least the initial price, the payout at maturity will be par plus 125% of any increase in the price, capped at a maximum payout that will be between 150% and 165% of par. The exact cap will be set at pricing.
If the final price is less than the initial price, the payout will be par minus the decline in the price.
The notes are expected to settle on March 31.
Credit Suisse (USA) LLC will be the underwriter.
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