New Issue: Credit Suisse sells $985,000 of 14% reverse convertibles linked to JDS Uniphase

By E. Janene Geiss

Philadelphia, Dec. 26 - Credit Suisse (USA), Inc. priced $985,000 million of 14% reverse convertible securities due June 29, 2007 linked to JDS Uniphase Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless JDS Uniphase stock falls below the knock-in price of $12.18 - 70% of the initial value - during the life of the notes and finishes below its initial price of $17.41 on June 25, 2007, the valuation date, in which case the payout will be a number of JDS Uniphase shares equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	JDS Uniphase Corp.
Amount:	$985,000
Maturity:	June 29, 2007
Coupon:	14%, payable quarterly
Price:	Par
Payout at maturity:	Par unless JDS Uniphase stock falls below the knock-in price of $12.18 during the life the notes and finishes below its initial value, in which case payout will be 57.44 shares of JDS Uniphase stock
Initial price:	$17.41
Knock-in price:	$12.18, 70% of $17.41
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Agent:	Credit Suisse Securities (USA) LLC
Agent's fee:	2%

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