New Issue: Credit Suisse sells $600,000 9% reverse convertibles linked to Electronic Arts

By E. Janene Geiss

Philadelphia, Dec. 26 - Credit Suisse (USA), Inc. priced $600,000 of 9% reverse convertible securities due Dec. 28, 2007 linked to Electronic Arts, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless Electronic Arts stock falls below the knock-in price during the life of the notes and finishes below its initial price of $51.80 on Dec. 21, 2007, the valuation date, in which case the payout will be a number of Electronic Arts shares equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	Electronic Arts, Inc.
Amount:	$600,000
Maturity:	Dec. 28, 2007
Coupon:	9%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Electronic Arts stock falls below the knock-in price of $41.44 during the life the notes and finishes below its initial value, in which case payout will be 19.31 shares of Electronic Arts stock
Initial price:	$52.80
Knock-in price:	$42.24, 80% of $52.80
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Agent:	Credit Suisse Securities (USA) LLC
Agent's fee:	3%

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