Published on 8/2/2010 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.49 million 0% Ares linked to CS FX Factor U.S. Dollar index
By Jennifer Chiou
New York, Aug. 2 - Credit Suisse, Nassau Branch priced $1.49 million of 0% Accelerated Return Equity Securities due Dec. 18, 2014 linked to the Credit Suisse FX Factor U.S. Dollar Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain on the index.
Investors are fully exposed to any index decline.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse, Nassau branch
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Issue: | Accelerated Return Equity Securities
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Underlying index: | Credit Suisse FX Factor U.S. Dollar Excess Return
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Amount: | $1,485,000
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Maturity: | Dec. 18, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain; exposure to losses
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Initial index level: | 234.13
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Pricing date: | July 29
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Settlement date: | Aug. 3
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 0.1%
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Cusip: | 22546EYF5
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