Credit Suisse is beginning to implement the capital increase announced last week.
The crisis-ridden major Swiss bank announced the key figures of the transaction on Monday.
The Saudi National Bank and other professional investors will therefore subscribe to 462 million new shares at a price of CHF 3.82, corresponding to 94 percent of the volume-weighted average price of the last two trading days on the SIX Swiss Exchange.
The issue price for the 889.4 million shares to be placed with existing shareholders as part of the subscription rights offer was CHF 2.52, Credit Suisse explained.
They should be able to acquire two new titles for every seven shares held.
Overall, the bank expects gross proceeds of four billion Swiss francs from the transaction.
Credit Suisse announced a far-reaching restructuring last Thursday, which includes deep cuts at the investment bank.
The Saudi National Bank and other investors have committed themselves to participate in the necessary raising of capital.
According to informed circles, Credit Suisse has invited at least 20 banks to join the consortium for the planned rights issue.
The proceeds are intended to help the institute finance another multi-year restructuring program.
New chief financial officer Dixit Joshi is reported to have held a due diligence conference call for the capital raise on Friday, which was attended by a group of investment bankers.
In addition to the lead banks - Morgan Stanley, Royal Bank of Canada, Deutsche Bank AG and Societe Generale - Credit Suisse has invited another long list of institutions to help underwrite the share offering.
According to those informed, the bank intends to gather the following financial giants in the consortium: Goldman Sachs, Citigroup, Wells Fargo, JPMorgan, BNP Paribas, Natixis, Credit Agricole, Barclays, Banco Santander, ABN Amro, ING and Commerzbank, Sumitomo, Mediobanca, Intesa Sanpaolo, UniCredit, Bank of America, BMO, BBVA, HSBC and Scotiabank.