New Issue: Credit Suisse sells $1.465 million 8.7% reverse convertibles linked to Texas Instruments

By Jennifer Chiou

New York, Jan. 5 - Credit Suisse (USA), Inc. priced $1.465 million 8.7% reverse convertible securities due Jan. 10, 2008 linked to Texas Instruments Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par unless Texas Instruments stock falls below the knock-in level of $23.28, 80% of its initial price of $29.10, during the life of the notes.

If the trigger is hit, payout will be par in cash if Texas Instruments stock closes above its initial price on the valuation date of Jan. 4, 2008. Otherwise, the payout will be a number of Texas Instruments shares equal to par of $1,000 divided by the initial price.

Issuer:	Credit Suisse (USA) Inc.
Issue:	Reverse convertible securities
Amount:	$1.465 million
Underlying stock:	Texas Instruments Inc.
Maturity:	Jan. 10, 2008
Coupon:	8.7%, payable quarterly
Price:	Par
Payout at maturity:	Par unless stock falls below knock-in price of $23.28 during the life of the notes and closes below its initial value on Jan. 4, 2009, payout will then be par of $1,000 divided by $29.10 shares of Texas Instruments stock
Initial share price:	$29.10
Knock-in price:	$23.28, 80% of initial price
Pricing date:	Jan. 4
Settlement date:	Jan. 10
Underwriter:	Credit Suisse
Distributor:	FIS
Fees:	3%

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