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Credit Suisse to price 16% reverse convertibles linked to RadioShack
By Angela McDaniels
Tacoma, Wash., June 17 - Credit Suisse, Nassau branch plans to price 16% reverse convertible securities due June 30, 2009 linked to the common stock of RadioShack Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless RadioShack stock falls by more than 40% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of RadioShack shares equal to par divided by the initial share price.
The notes will price in June.
Credit Suisse Securities (USA) Inc. will be the underwriter.
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