Obligation Swiss Credit 0% ( XS0214762345 ) en USD

Société émettrice Swiss Credit
Prix sur le marché 100 %  ▲ 
Pays  Suisse
Code ISIN  XS0214762345 ( en USD )
Coupon 0%
Echéance 25/03/2008 - Obligation échue



Prospectus brochure de l'obligation Credit Suisse XS0214762345 en USD 0%, échue


Montant Minimal /
Montant de l'émission /
Description détaillée Credit Suisse était une grande banque suisse, active dans la gestion de fortune, l'investissement bancaire et les services financiers, avant sa prise de contrôle par UBS en mars 2023 suite à une crise de confiance.

Cet article détaille les caractéristiques d'un instrument de dette spécifique, une obligation identifiée par le code ISIN XS0214762345, émise par Credit Suisse. À l'époque de son émission et de sa maturité, Credit Suisse était un géant bancaire international basé en Suisse, offrant une gamme complète de services financiers, de la gestion d'actifs à la banque d'investissement, jouissant d'une présence mondiale et d'une réputation établie sur les marchés financiers. Cette obligation était libellée en dollars américains (USD) et affichait un taux d'intérêt de 0%, avec une fréquence de paiement nominale de deux fois par an. Ayant atteint sa date d'échéance le 25 mars 2008, l'obligation, dont le prix sur le marché était alors de 100% de sa valeur nominale, a été entièrement remboursée aux investisseurs, confirmant ainsi sa pleine et entière extinction conformément à ses termes originaux et marquant la conclusion de son cycle de vie.







INFORMATION MEMORANDUM
CREDIT FIRST
SUISSE BOSTON
CREDIT SUISSE FIRST BOSTON
(incorporated with limited liability in Switzerland)
"PARTICIPATION-NOTES"
U.S.$1,000,000,000
Programme for the issue of
Equity-linked Securities
Under its U.S.$1,000,000,000 Programme for the issue of Equity-linked Securities (the "Programme"),
Credit Suisse First Boston, a Swiss bank, acting through its Nassau Branch (the "Issuer"), subject to all
relevant laws and regulations, may from time to time issue securities (the "Securities").
The aggregate nominal amount of Securities, the issue price of Securities and any other terms and conditions
not contained herein which are applicable to each Tranche (as defined under "Summary of the
Programme") of Securities will be set out in a Supplement (the "Supplement") issued in respect of such
Tranche.
Application has been made to the Luxembourg Stock Exchange for Securities issued under the Programme
during the period of 12 months from the date of this Information Memorandum to be listed on the
Luxembourg Stock Exchange. The Issuer may also issue unlisted Securities. "Participation-Notes" is the
marketing name for the equity-linked securities issued under this Programme.
This Information Memorandum does not constitute an offer to sell or the solicitation of an offer to
buy any Securities in any jurisdiction to any person to whom it is unlawful to make the offer or
solicitation in such jurisdiction. The distribution of this Information Memorandum and the offer or
sale of Securities may be restricted by law in certain jurisdictions. The Issuer and the Arranger do
not represent that this Information Memorandum may be lawfully distributed, or that any Securities
may be lawfully offered, in compliance with any applicable registration or other requirements in any
such jurisdiction, or pursuant to an exemption available thereunder, or assume any responsibility for
facilitating any such distribution or offering. In particular, no action has been taken by the Issuer or
the Arranger which would permit a public offering of any Securities or distribution of this document
in any jurisdiction where action for that purpose is required. Accordingly, no Securities may be
offered or sold, directly or indirectly, and neither this Information Memorandum nor any
advertisement or other offering material may be distributed or published in any jurisdiction, except
under circumstances that will result in compliance with any applicable laws and regulations. Persons
into whose possession this Information Memorandum or any Securities may come must inform
themselves about, and observe, any such restrictions on the distribution of this Information
Memorandum and the offering and sale of Securities. See "Selling Restrictions".
Credit Suisse First Boston (Hong Kong) Limited
Arranger
Dated 24th November, 2004.


2
The Issuer accepts responsibility for the information contained in this Information Memorandum. To the
best of the knowledge and belief of the Issuer (which has taken all reasonable care to ensure that such is
the case) the information contained in this Information Memorandum is in accordance with the facts and
does not omit anything likely to affect the import of such information.

No person is or has been authorised by the Issuer or Credit Suisse First Boston (Hong Kong) Limited (the
"Arranger") to give any information or to make any representation not contained in or not consistent with
this Information Memorandum or any other information supplied in connection with the Programme or the
Securities and, if given or made, such information or representation must not be relied upon as having been
authorised by the Issuer or the Arranger.

This Information Memorandum is to be read in conjunction with all documents which are deemed to be
incorporated herein by reference (see "Documents Incorporated by Reference" below). This Information
Memorandum shall be read and construed on the basis that such documents are incorporated and form part
of this Information Memorandum.

Neither this Information Memorandum nor any other information supplied in connection with the
Programme or any Securities (i) is intended to provide the basis of any credit or other evaluation or (ii)
should be considered as a recommendation by the Issuer or the Arranger that any recipient of this
Information Memorandum or any other information supplied in connection with the Programme or any
Securities should purchase any Securities. Neither this Information Memorandum nor any other
information supplied in connection with the Programme or the issue of any Securities constitutes an offer
or invitation by or on behalf of the Issuer or the Arranger to any person to subscribe for or to purchase any
Securities.

Neither the delivery of this Information Memorandum nor the offering, sale or delivery of any Securities
shall in any circumstances imply that the information contained herein concerning the Issuer is correct at
any time subsequent to the date hereof or that any other information supplied in connection with the
Programme is correct as of any time subsequent to the date indicated in the document containing the same.
The Arranger expressly does not undertake to review the financial condition or affairs of the Issuer during
the life of the Programme or to advise any investor in the Securities of any information coming to their
attention. Investors should review, inter alia, the most recently published documents incorporated by
reference into this Information Memorandum when deciding whether or not to purchase any Securities.

The Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended
(the "Securities Act") and may not be offered or sold in the United States or to or for the account or benefit
of U.S. persons except pursuant to an exemption from such registration.

This Information Memorandum has not been and will not be registered as a prospectus with the Monetary
Authority of Singapore under the Securities and Futures Act (Chapter 289) of Singapore (the "SFA"). The
Securities will be offered in Singapore pursuant to exemptions invoked under Section 274 and Section 275
of the SFA. Accordingly, this Information Memorandum, any applicable Supplement relating to any
Securities and any other offering document or material in connection with the offer or sale, or invitation for
subscription or purchase, of any Securities may not be circulated or distributed, nor may the Securities be
offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or
indirectly, to the public or any member of the public in Singapore other than (1) to an institutional investor
or other person specified in Section 274 of the SFA, (2) to a sophisticated investor, and in accordance with
the conditions, specified in Section 275 of the SFA or (3) otherwise pursuant to, and in accordance with
the conditions of, any other applicable provision of the SFA.

In this Information Memorandum references to "Swiss francs", "SFR", "Sfr", and "CHF" are to the lawful
currency for the time being of Switzerland and all references to "U.S. dollars", "US$" or "cent" are to the
lawful currency for the time being of the United States.







3

PROSPECTIVE PURCHASERS OF THE SECURITIES SHOULD ENSURE THAT THEY
UNDERSTAND THE NATURE OF THE SECURITIES AND THE EXTENT OF THEIR EXPOSURE
TO RISK AND THAT THEY CONSIDER THE SUITABILITY OF THE SECURITIES AS AN
INVESTMENT IN THE LIGHT OF THEIR OWN CIRCUMSTANCES AND FINANCIAL
CONDITION. PROSPECTIVE PURCHASERS SHOULD CONDUCT THEIR OWN
INVESTIGATIONS AND, IN DECIDING WHETHER OR NOT TO PURCHASE SECURITIES,
SHOULD FORM THEIR OWN VIEWS OF THE MERITS OF AN INVESTMENT RELATED TO ANY
UNDERLYING ASSET ("REFERENCE ASSETS") (AS DEFINED HEREIN) BASED UPON SUCH
INVESTIGATIONS AND NOT IN RELIANCE UPON ANY INFORMATION GIVEN IN THIS
DOCUMENT.

SEE "RISK FACTORS" FOR A DISCUSSION OF CERTAIN FACTORS TO BE CONSIDERED IN
CONNECTION WITH AN INVESTMENT IN THE SECURITIES.



4

TABLE OF CONTENTS


Page



RISK FACTORS .................................................................................................................................................... 5
DOCUMENTS INCORPORATED BY REFERENCE ......................................................................................... 7
SUMMARY OF THE PROGRAMME .................................................................................................................. 8
SUMMARY OF PROVISIONS RELATING TO THE SECURITIES WHILE IN GLOBAL FORM................ 10
TERMS AND CONDITIONS OF THE SECURITIES ....................................................................................... 12
SELLING RESTRICTIONS ................................................................................................................................ 36
GENERAL INFORMATION............................................................................................................................... 39

EXHIBIT A
CREDIT SUISSE FIRST BOSTON INFORMATION STATEMENT DATED JULY 15, 2004

EXHIBIT B
SUPPLEMENT DATED JULY 16, 2004 TO CREDIT SUISSE FIRST BOSTON INFORMATION
STATEMENT DATED JULY 15, 2004

EXHIBIT C
SUPPLEMENT DATED JULY 16, 2004 TO CREDIT SUISSE FIRST BOSTON INFORMATION
STATEMENT DATED JULY 15, 2004

EXHIBIT D
SUPPLEMENT DATED AUGUST 4, 2004 TO CREDIT SUISSE FIRST BOSTON INFORMATION
STATEMENT DATED JULY 15, 2004

EXHIBIT E
SUPPLEMENT DATED AUGUST 20, 2004 TO CREDIT SUISSE FIRST BOSTON INFORMATION
STATEMENT DATED JULY 15, 2004

EXHIBIT F
SUPPLEMENT DATED NOVEMBER 4, 2004 TO CREDIT SUISSE FIRST BOSTON INFORMATION
STATEMENT DATED JULY 15, 2004



5

RISK FACTORS

The purchase of Securities involves substantial risks and is suitable only for investors who have the
knowledge and experience in financial and business matters necessary to enable them to evaluate the
risks and the merits of an investment in the Securities. Before making an investment decision,
prospective purchasers of Securities should consider carefully, in the light of their own financial
circumstances and investment objectives, all the information set forth in this Information
Memorandum and, in particular, the considerations set forth below. Words and expressions defined
in "Terms and Conditions of the Securities" below shall have the same meanings in this section "Risk
Factors".

Foreign Exchange Risk

Fluctuations in the exchange rate between any Relevant Currency and the Specified Currency will
affect the value of the Securities and the level of the Redemption Amount and the Early Redemption
Amount. In addition, exchange rate fluctuations will affect the U.S. dollar equivalent of any cash
dividends denominated in any Relevant Currency distributed by the Reference Entity, and, thereby,
the level of the Interest Amount with respect to the Securities (if any).

Taxation

Each Securityholder will assume and be solely responsible for any and all taxes of any jurisdiction or
governmental or regulatory authority, including, without limitation, any state or local taxes or other
like assessment or charges that may be applicable to any payment to it in respect of the Securities.
The Issuer will not pay any additional amounts to Securityholders to reimburse them for any tax,
assessment or charge required to be withheld or deducted from payments in respect of the Securities
by the Issuer or the Paying Agents.

Suitability

A prospective purchaser of the Securities should have such knowledge and experience in financial
and business matters and expertise in assessing credit risk that it is capable of evaluating the merits,
risks and suitability of investing in the Securities.

Provision of information

None of the Issuer, the Arranger nor any affiliate makes any representation as to the credit quality of
the Reference Entity. Any of such persons may have acquired, or during the term of the Securities
may acquire, non-public information with respect to the Reference Entity. None of such persons is
under any obligation to make such information available to Securityholders.

Business relationships

The Issuer, the Arranger or any affiliate may have existing or future business relationships with the
Reference Entity (including, but not limited to, lending, depositary, risk management, advisory and
banking relationships), and will pursue actions and take steps that they deem or it deems necessary or
appropriate to protect their or its interests arising therefrom without regard to the consequences for a
Securityholder.




6

No direct investment in Reference Assets or claim against the Reference Entity

An investment in a Security entitles the Securityholder to certain cash payments calculated by
reference to the Reference Assets to which the Security is linked. It is not an investment directly in
the Reference Assets themselves. An investment in a Security does not entitle the Securityholder to
delivery of the Reference Assets themselves nor to the beneficial interest in the Reference Assets. A
Security will not represent a claim against the Reference Entity and, in the event of any loss, a
Securityholder will not have recourse under a Security against the Reference Entity or against any
securities issued by the Reference Entity.

Legality of purchase

Neither the Issuer, the Arranger nor any other affiliate has or assumes any responsibility for the
lawfulness of the acquisition of the Securities by a prospective purchaser of the Securities, whether
under the laws of the jurisdiction of its incorporation or the jurisdiction in which it operates (if
different), or for compliance by that prospective purchaser with any law, regulation or regulatory
policy applicable to it.

Independent review and advice

Each prospective purchaser of Securities must determine, based on its own independent review and
such professional advice as it deems appropriate under the circumstances, that its acquisition of the
Securities (i) is fully consistent with its (or if it is acquiring the Securities in a fiduciary capacity, the
beneficiary's) financial needs, objectives and condition, (ii) complies and is fully consistent with all
investment policies, guidelines and restrictions applicable to it (whether acquiring the Securities as
principal or in a fiduciary capacity) and (iii) is a fit, proper and suitable investment for it (or if it is
acquiring the Securities in a fiduciary capacity, for the beneficiary), notwithstanding the clear and
substantial risks inherent in investing in or holding the Securities.

No reliance

A prospective purchaser may not rely on the Issuer, the Arranger or any affiliate in connection with
its determination as to the legality of its acquisition of the Securities or as to the other matters
referred to above.

The Redemption Amount, Early Redemption Amount and Interest Amount (if any) and market
value of the Securities may be adversely affected by movements in the value of the Reference
Assets or the exchange rate of the Specified Currency and any Relevant Currency. The
Redemption Amount or Early Redemption Amount in respect of any of the Securities may be
less than its nominal amount and may be zero.

Prospective purchasers of the Securities should note that the Issuer, or an affiliate of the Issuer,
may agree to purchase a substantial proportion of the Securities as principal. In addition
purchasers should be aware that under the terms and conditions of the Securities the Issuer or
any affiliate may purchase the Securities at any time. Such securities may be held, resold, or
cancelled. Purchasers should not therefore make any assumption as to the number of
Securities in issue at any one time.




7

DOCUMENTS INCORPORATED BY REFERENCE
The following documents published or issued from time to time after the date hereof shall be deemed
to be incorporated in, and to form part of, this Information Memorandum:

(a)
the most recently published audited annual financial statements and, if published later, the
most recently published interim financial statements (if any) of the Issuer; and

(b)
all supplements or amendments to this Information Memorandum circulated by the Issuer
from time to time,

save that any statement contained herein or in a document which is deemed to be incorporated by
reference herein shall be deemed to be modified or superseded for the purpose of this Information
Memorandum to the extent that a statement contained in any such subsequent document which is
deemed to be incorporated by reference herein modifies or supersedes such earlier statement
(whether expressly, by implication or otherwise). Any statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this Information
Memorandum.

The Issuer will provide, without charge, to each person to whom a copy of this Information
Memorandum has been delivered, upon the request of such person, a copy of any or all of the
documents deemed to be incorporated herein by reference unless such documents have been modified
or superseded as specified above. Requests for such documents should be directed to the Issuer at its
office set out at the end of this Information Memorandum. In addition, such documents will be
available free of charge from the principal office in Luxembourg of Dexia Banque Internationale à
Luxembourg for Securities listed on the Luxembourg Stock Exchange.

The Issuer will, in connection with the listing of the Securities on the Luxembourg Stock Exchange,
so long as any Security remains outstanding and listed on such exchange, in the event of any material
change in the condition of the Issuer which is not reflected in this Information Memorandum, prepare
a supplement to this Information Memorandum or publish a new Information Memorandum for use in
connection with any subsequent issue of the Securities to be listed on the Luxembourg Stock
Exchange.

If the terms of the Programme are modified or amended in a manner which would make this
Information Memorandum, as so modified or amended, inaccurate or misleading, a new information
memorandum will be prepared.




8

SUMMARY OF THE PROGRAMME

The following summary does not purport to be complete and is qualified in its entirety by, the
remainder of this Information Memorandum and, in relation to the terms and conditions of any
particular Tranche of Securities, the applicable Supplement. Words and expressions defined in
"Terms and Conditions of the Securities" below shall have the same meanings in this summary.

Issuer:
Credit Suisse First Boston, acting through its Nassau Branch.


Description:
Programme for the issue of Equity-linked Securities which will be cash
settled and which relate to Indian Reference Assets, Korean Reference
Assets, Taiwanese Reference Assets, Malaysian Reference Assets,
Singaporean Reference Assets, Hong Kong Reference Assets and PRC
Reference Assets or any other Reference Assets as specified in the
applicable Supplement.


Reference Assets:
Assets (which may include but are not limited to shares of companies,
global depositary receipts in relation to shares of foreign companies and
trading units in exchange traded funds) to which the Securities relate.


Arranger, Calculation
Credit Suisse First Boston (Hong Kong) Limited
Agent, Principal Paying
Agent, Registrar and
Transfer Agent:


Luxembourg Paying
Dexia Banque Internationale à Luxembourg
Agent and Transfer

Agent:


Certain Restrictions:
Each issue of Securities denominated in a currency in respect of which
particular laws, guidelines, regulations, restrictions or reporting
requirements apply will only be issued in circumstances which comply
with such laws, guidelines, regulations, restrictions or reporting
requirements from time to time.


Programme
Size:
Up to U.S.$1,000,000,000 (or its equivalent in other currencies)
outstanding at any time. The Issuer may increase the amount of the
Programme in accordance with the terms of the Agency Agreement.


Distribution:
The Securities will be distributed on a privately placed basis. The
Securities will be issued in series (each a "Series") having one or more
issue dates but with all other terms identical. Each Series may be issued
in tranches (each a "Tranche").


Currencies:
US dollars or, subject to any applicable legal or regulatory restrictions,
any other currency specified in the applicable Supplement.


Maturities:
Such maturities as may be specified in the applicable Supplement and as
may be allowed or required from time to time by any relevant laws or
regulations.





9

Issue Price:
Securities may be issued at their nominal amount or at a discount to their
nominal amount, as specified in the applicable Supplement.


Form of Securities:
The Securities will be issued in registered form. Each Tranche of
Securities will be represented on issue by a Global Security which will
be deposited with a common depositary for, and registered in the name
of a nominee of, Euroclear Bank S.A./N.V., as operator of the Euroclear
System ("Euroclear") and Clearstream Banking, société anonyme
("Clearstream, Luxembourg") on or about the issue date for such
Securities. Securities in definitive form will only be issued in certain
limited circumstances. A Supplement will be issued in respect of each
Tranche of Securities.


Provisions in relation to
Interest may be payable on the Securities.
Interest:


Redemption:
Unless previously redeemed, the relevant Security will be redeemed by
the Issuer at its Redemption Amount (as specified in the Terms and
Conditions and the applicable Supplement) on the maturity date of the
Securities. The relevant Security may also be redeemed early:

(a)
at the option of the holder of any Security; or

(b)
at the option of the Issuer (i) following a delisting of the
Reference Assets from the Stock Exchange on which they were
listed on the Issue Date or (ii) following the occurrence of
certain changes in tax laws or regulations or (iii) following the
occurrence of a Hedging Disruption Event.



Status of the Securities:
The Securities will constitute direct, unsubordinated, unconditional and
unsecured obligations of the Issuer and will rank pari passu among
themselves and equally with all other unsecured and unsubordinated
obligations of the Issuer from time to time outstanding.


Negative Pledge:
None.


Listing:
Application has been made to list the Securities issued under the
Programme on the Luxembourg Stock Exchange.

Unlisted Securities may also be issued.

The applicable Supplement will state whether or not the relevant
Securities are to be listed on the Luxembourg Stock Exchange or
whether the Securities will be unlisted.


Governing Law:
The Securities will be governed by, and construed in accordance with,
English law.


Selling Restrictions:
See "Selling Restrictions".



10

SUMMARY OF PROVISIONS RELATING TO THE SECURITIES
WHILE IN GLOBAL FORM

The following is a summary of the provisions contained in the Global Security which apply while any
Securities are represented by a Global Security:

(1)
Form


The Securities will, on issue, be represented by a Global Security which will be deposited
with a common depositary for and registered in the name of a nominee of, Euroclear and
Clearstream, Luxembourg, for credit to the accounts designated by the person beneficially
interested in the Securities for the time being at Euroclear and Clearstream, Luxembourg.

(2)
Exchange


The Global Security will be exchangeable in whole but not in part (free of charge to the
holder) for definitive Securities if both Euroclear and Clearstream, Luxembourg have been
closed for business for a continuous period of 14 days (other than by reason of holiday,
statutory or otherwise) or have announced an intention permanently to cease business or have
in fact done so. Thereupon the holder may give notice to the Registrar of its intention to
exchange the Global Security for definitive Securities on or after the Exchange Date
specified in the notice.

On or after the Exchange Date, the holder of the Global Security may surrender the Global
Security to or to the order of the Registrar. In exchange for the Global Security, the Issuer
shall deliver, or procure the delivery of, an equal aggregate nominal amount of duly executed
and authenticated definitive Securities. On exchange of the Global Security, the Issuer will,
if the holder so requests, procure that it is cancelled and returned to the holder together with
the relevant definitive Securities.

(3)
Payments

Payments in respect of the Global Security shall be made to its registered holder against
presentation and surrender of it to or to the order of the Issuer.

(4)
Prescription

Claims in respect of the Redemption Amount, the Early Redemption Amount and the Interest
Amount will become void unless presented for payment within a period of ten years (in the
case of the Redemption Amount and the Early Redemption Amount) and five years (in the
case of the Interest Amount) after the date upon which payment becomes due.

(5)
Transfers

Interests in the Securities are transferable in accordance with the rules and procedures for the
time being of Euroclear or Clearstream, Luxembourg as appropriate.

(6)
Notices

So long as the Global Security is held on behalf of Euroclear or Clearstream, Luxembourg,
notices required to be given to holders of the Securities may be given by their being delivered


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