CS Launches Asian Basket ProNote

Feb 20, 2012 - Beth Shah

Read More: Credit Suisse·

Credit Suisse has launched a capital protected structured product that allows investors to take advantage of the appreciation of a basket of Asian currencies against the U.S. dollar.

The so-called ProNote offers investors 100% participation in an unlimited appreciation of a basket made up of the Chinese renminbi, Singapore dollar, Korean won, Indonesian rupiah and yen against the U.S. dollar over three years.

“The concept of investing into a basket of diversified currencies has proven to be a good way of reflecting a mid-term macro research view, such as outperforming Asian economies,” Anke Bridge, a structurer in global....

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