New Issue: Credit Suisse prices $589,000 10.25% reverse convertibles linked to Tenaris

By Angela McDaniels

Seattle, Aug. 30 - Credit Suisse (USA) Inc. priced a $589,000 issue of 10.25% reverse convertible securities due Aug. 31, 2007 linked to the American Depositary Receipts representing the common stock of Tenaris SA, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par unless Tenaris ADRs fall below the knock-in price during the life of the notes and finish below their initial price on Aug. 27, 2007, the valuation date, in which case the payout will be a number of Tenaris ADRs equal to $1,000 divided by the initial ADR price.

Issuer:	Credit Suisse (USA) Inc.
Issue:	Reverse convertible securities
Amount:	$589,000
Underlying stock:	Tenaris SA
Maturity:	Aug. 31, 2007
Coupon:	10.25%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Tenaris ADRs fall below knock-in price of $22.68 during the life of the notes and finish below their initial value, in which case payout will be 26.45503 Tenaris ADRs
Initial ADR price:	$37.80
Knock-in price:	$22.68, 60% of initial price
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Underwriter:	Credit Suisse Securities (USA) LLC

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