New Issue: Credit Suisse sells $658,000 of 11.3% reverse convertibles linked to Freeport-McMoRan

By Laura Lutz

Washington, Jan. 29 - Credit Suisse (USA), Inc. priced $658,000 of 11.3% reverse convertible securities due Jan. 30, 2008 linked to Freeport-McMoRan Copper & Gold Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless Freeport-McMoRan stock falls below the knock-in price of $40.866 - 70% of the initial value - during the life of the notes and finishes below its initial price of $58.38 on Jan. 24, 2008, the valuation date, in which case the payout will be a number of Freeport-McMoRan shares equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	Freeport-McMoRan Copper & Gold Inc.
Amount:	$658,000
Maturity:	Jan. 30, 2008
Coupon:	11.3%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Freeport-McMoRan stock falls below the knock-in price of $40.866 during the life the notes and finishes below its initial value, in which case payout will be 17.129 shares of Freeport-McMoRan stock
Initial price:	$58.38
Knock-in price:	$40.866, 70% of $58.38
Pricing date:	Jan. 25
Settlement date:	Jan. 31
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	FIS
Agent's fee:	2.98%

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