New Issue: Credit Suisse prices $1.5 million 19% notes linked to PetMed

By Angela McDaniels

Seattle, Sept. 7 - Credit Suisse (USA) Inc. priced a $1.5 million issue of 19% reverse convertible securities due Sept. 11, 2007 linked to PetMed Express, Inc. common stock, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par unless PetMed Express stock falls below the knock-in price during the life of the notes and finishes below its initial share price on Sept. 5, 2007, the valuation date, in which case the payout will be a number of PetMed Express shares equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse (USA) Inc.
Issue:	Reverse convertible securities
Amount:	$1.5 million
Underlying stock:	PetMed Express, Inc.
Maturity:	Sept. 11, 2007
Coupon:	19%, payable quarterly
Price:	Par
Payout at maturity:	Par unless PetMed Express stock falls below knock-in price of $7.704 during the life of the notes and finishes below its initial value, in which case payout will be 129.8027 shares of PetMed Express stock
Initial share level:	$9.63
Knock-in price:	$7.704, 80% of initial price
Pricing date:	Sept. 6
Settlement date:	Sept. 11
Underwriter:	Credit Suisse Securities (USA) LLC

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