Exhibit 2.01
CREDIT SUISSE FIRST BOSTON (USA),
INC.
(“Issuer”)
Medium-Term Notes
Due Nine Months or More from Date of
Issue
TERMS AGREEMENT
December 16, 2005
Credit Suisse First Boston (USA),
Inc.
Eleven Madison Avenue
New York, New York 10010
Attention: Treasury
Ladies and Gentlemen:
We offer to purchase, on and subject
to the terms and conditions of the Distribution Agreement dated
June 25, 2004 (the “Distribution Agreement”), and the
supplement to the Distribution Agreement attached hereto
(“Supplement”) the following Notes
(“Notes”) on the following terms:
Title : ProNotes Linked to the Value of a Basket
of Commodities due December 22, 2008.
Stated Maturity Date
: December 22, 2008
Authorized
Denominations :
$10,000 and integral multiples of $1,000 in excess of that
amount.
Principal Amount
: $19,245,000
Public Offering Price
: $10,000 per Note, subject to
change by the undersigned.
Purchase Price
(to be paid in New York Clearing
House (next day) — immediately available funds): $9,810
per Note.
Underwriting Discount
: $190 per Note.
Valuation Date:
December 17, 2008
Underlying Basket:
The return will be based on the
performance of a basket of
A-1
commodities and commodity indices
over the term of the Notes. The basket will be comprised of
10 commodities and two commodity indices, with each commodity or
index having the following weightings: Aluminum — 7%;
Copper — 7%; Crude Oil — 15%; Gold — 5%; Heating
Oil — 5%; Lead — 5%; Natural Gas — 10%; Nickel
— 6%; Unleaded Gasoline — 5%; Zinc — 5%; GSCI
Agriculture Excess Return Index — 20%; and GSCI Livestock
Excess Return Index — 10%.
Redemption Amount:
The redemption amount at maturity
will equal the principal amount of the Notes multiplied by the sum
of 1 plus the basket return, calculated as set forth in the pricing
supplement for the Notes. If the final basket level is
greater than the initial basket level, the basket return will be
equal to the percentage increase in the basket level multiplied by
180%. If the final basket level is less than or equal to the
initial basket level, then the basket return will be equal to zero,
and the redemption amount will be an amount equal to the principal
amount of the Notes at maturity, as further explained in the
pricing supplement for the Notes.
Optional Redemption:
None.
Sinking Fund:
None.
Listing: None.
Trade Date
: December 16, 2005
Settlement Date
: December 21, 2005
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A-2
Details for
Settlement
Book-entry Security
A-3
Unless the undersigned has received
notification from the Issuer within one Business Day (as defined in
the Distribution Agreement) that the Issuer does not agree to the
terms set forth herein, this Terms Agreement shall constitute an
agreement between the Issuer and the undersigned for the sale and
purchase of the Notes upon the terms set forth herein and in the
Distribution Agreement.
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Very truly yours,
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CREDIT SUISSE FIRST BOSTON LLC
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By
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/s/ Grace Koo
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Name: Grace Koo
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Title: Managing Director
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Accepted and agreed to
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as of the date set forth above.
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CREDIT SUISSE FIRST BOSTON (USA),
INC.
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By
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/s/ Peter Feeney
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Name: Peter Feeney
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Title: Treasurer
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A-4
CREDIT SUISSE FIRST BOSTON (USA),
INC.
SUPPLEMENT TO DISTRIBUTION
AGREEMENT
1.
Scope. This Supplement is attached to and forms a
part of the Terms Agreement, dated December 16, 2005
(including the Distribution Agreement (as defined in the Terms
Agreement) incorporated by reference therein, the “Terms
Agreement” ), between Credit Suisse First Boston (USA),
Inc., a Delaware corporation ( “Issuer” ),
and the Distributor (as defined therein). References in the
Terms Agreement to “herein” and “hereof”
include the provisions of this Supplement. In the event of
any conflict between the Terms Agreement and this Supplement, the
provisions of this Supplement shall control. Capitalized
terms used but not defined herein have the meanings ascribed in the
Terms Agreement.
2.
Definitions. The following terms have the following
meanings in this Supplement and the Terms Agreement:
(a)
“Registration
Statement” as of any time means the
Registration Statement (as defined in the Distribution Agreement)
in the form then filed with the Commission, including any document
incorporated by reference therein and any prospectus, prospectus
supplement or pricing supplement deemed or retroactively deemed to
be a part thereof that has not been superseded or modified.
“Registration Statement” without reference to a time
means the Registration Statement as of the time of the first
contract of sale for the Notes, which time shall be considered the
“effective date” of the Registration Statement.
For purposes of this definition, information
contained in a form of prospectus, prospectus supplement or
pricing supplement that is deemed retroactively to be a part of the
Registration Statement pursuant to Rule 430B shall be
considered to be included in the Registration Statement as of the
time specified in Rule 430B.
(b)
“Statutory
Prospectus” as of any time means the
prospectus and prospectus supplement relating to the Notes that is
included in the Registration Statement immediately prior to that
time, including any document incorporated by reference therein and
any basic prospectus or prospectus supplement deemed to be a part
thereof that has not been superseded or modified. For
purposes of this definition, information contained in a form of
prospectus or prospectus supplement (including a pricing
supplement) that is deemed retroactively to be a part of the
Registration Statement pursuant to Rule 430B or 430C shall be
considered to be included in the Statutory Prospectus only as of
the actual time that form of prospectus or prospectus supplement
(including a pricing supplement) is filed with the Commission
pursuant to Rule 424(b).
(c)
“Prospectus”
means the
Statutory Prospectus that discloses the public offering price and
other final terms of the Notes and otherwise satisfies
Section 10(a) of the Securities Act of 1933.
(d) “Issuer
Free Writing Prospectus” means any “issuer free
writing prospectus,” as defined in Rule 433, relating to the
Notes in the form filed or required to be filed with the Commission
or, if not required to be filed, in the form retained in the
Issuer’s records pursuant to Rule 433(g), if any.
(e)
“General Use Issuer Free
Writing Prospectus” means any Issuer Free Writing
Prospectus that is intended for general distribution to prospective
investors, as e