By E. Janene Geiss
Philadelphia, May 27 - Credit Suisse, Nassau Branch priced $3.87 million of 0% Buffered Accelerated Return Equity Securities due June 29, 2010 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is equal to or greater than the initial index level, the payout at maturity will be par plus a fixed payment of 23%. Investors will receive no more than $1,230.00 per $1,000 note.
Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse, Nassau Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | Russell 2000
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Amount: | $3,870,000
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Maturity: | June 29, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is equal to or greater than the initial level, par plus 23%; par if index falls by up to 10%; exposure to losses beyond 10%
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Initial level: | 477.62
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Pricing date: | May 22
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Settlement date: | June 1
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1.25%
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