New Issue: Credit Suisse sells $905,000 14% reverse convertibles linked to Apple

By Susanna Moon

Chicago, Oct. 26 - Credit Suisse priced $905,000 of 14% reverse convertible securities due Oct. 30, 2008 linked to Apple Inc. stock, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

Payout at maturity will be par unless the stock falls below the knock-in price of $127.95 - 70% of the initial value - during the life of the notes and finishes below its initial price of $182.78, in which case the payout will be a number of Apple shares equal to $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse
Issue:	Reverse convertible securities
Underlying stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$905,000
Maturity:	Oct. 30, 2008
Coupon:	14%, payable monthly
Price:	Par
Payout at maturity:	Par unless Apple stock falls below the knock-in price of $93.21 during the life of the notes and finishes below its initial price, in which case payout will be a number of shares equal to $1,000 divided by the initial share price
Initial share price:	$182.78
Knock-in price:	$127.95, or 70% of $182.78
Pricing date:	Oct. 25
Settlement date:	Oct. 30
Underwriter:	Credit Suisse Securities (USA) LLC
Distributor:	FIS
Fees:	3%

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