New Issue: Credit Suisse sells $2.4 million of 16.8% reverse convertibles linked to AMR

By Laura Lutz

Indianapolis, Jan. 23 - Credit Suisse (USA), Inc. priced $2.4 million of 16.8% reverse convertible securities due July 25, 2007 linked to AMR Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless AMR stock falls below the knock-in price of $28.462 - 70% of the initial value - during the life of the notes and finishes below its initial price of $40.66 on July 19, the valuation date, in which case the payout will be a number of AMR shares equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	AMR Corp.
Amount:	$2.4 million
Maturity:	July 25, 2007
Coupon:	16.8%, payable quarterly
Price:	Par
Payout at maturity:	Par unless AMR stock falls below the knock-in price of $28.462 during the life the notes and finishes below its initial value, in which case payout will be 24.594 shares of AMR stock
Initial price:	$40.66
Knock-in price:	$28.462, 70% of $40.66
Pricing date:	Jan. 19
Settlement date:	Jan. 25
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	FIS
Agent's fee:	2%

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