Published on 1/29/2009 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $654,000 M-ProNotes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Jan. 29 - Credit Suisse, Nassau Branch priced $654,000 of Market Neutral Barrier ProNotes due April 30, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes above the upper barrier or below the lower barrier on any day during the life of the notes, then the payout at maturity will be par. Otherwise, the payout will be par plus the absolute value of the index return.
The upper and lower barriers are 125% and 85% of the initial index level, respectively.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse, Nassau Branch
|
| Issue: | Market Neutral Barrier ProNotes
|
| Underlying index : | S&P 500
|
| Amount: | $654,000
|
| Maturity: | April 30, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index closes outside upper barrier or lower barrier during life of notes, par; otherwise, par plus absolute value of index return
|
| Initial index level: | 845.71
|
| Upper barrier: | 1,057.1375, 125% of initial level
|
| Lower barrier: | 718.8535, 85% of initial level
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 30
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.3125%
|
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