Credit Suisse plans 0% notes linked to eight currencies

By Jennifer Chiou

New York, Feb. 6 - Credit Suisse (USA), Inc. plans to price 0% securities due Aug. 29, 2008 linked to a basket of eight currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Thai baht/dollar, Chinese yuan/dollar, Singapore dollar/U.S. dollar and South African rand/dollar spot exchange rates, each with a 25% weight. The basket also includes the Swiss franc/dollar, Canadian dollar/U.S. dollar, euro/dollar and Czech koruna/dollar spot exchange rates, each with a negative 25% weight.

If the basket value increases, the payout at maturity is par plus the greater of the return on the basket or 10% to 10.5%. The percentage will be set at pricing.

If the final basket level is less than zero, the payout will be par.

The notes are expected to price in February.

Credit Suisse Securities (USA) LLC is the underwriter. FIS is the distributor.

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