New Issue: Credit Suisse prices $326,000 10.25% reverse convertibles linked to Humana

By Angela McDaniels

Seattle, Aug. 30 - Credit Suisse (USA) Inc. priced a $326,000 issue of 10.25% reverse convertible securities due Aug. 31, 2007 linked to Humana Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par unless Humana stock falls below the knock-in level during the life of the notes and finishes below its initial price on Aug. 27, 2007, the valuation date, in which case the payout will be a number of Humana shares equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse (USA) Inc.
Issue:	Reverse convertible securities
Amount:	$326,000
Underlying stock:	Humana Inc.
Maturity:	Aug. 31, 2007
Coupon:	10.25%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Humana stock falls below knock-in price of $49.08 during the life of the notes and finishes below its initial value, in which case payout will be 16.29992 shares of Humana stock
Initial share price:	$61.35
Trigger price:	$49.08, 80% of initial price
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Underwriter:	Credit Suisse Securities (USA) LLC

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