New Issue: Credit Suisse prices $2.5 million 0% notes linked to currency basket

By Angela McDaniels

Seattle, Feb. 23 - Credit Suisse (USA), Inc. priced a $2.5 million offering of 0% notes due Aug. 29, 2008 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

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

If the final basket level is equal to or greater than the initial basket level, the payout at maturity will be par plus the greater of 10.5% and the basket gain. If the basket level decreases, the payout will be par.

Issuer:	Credit Suisse (USA), Inc.
Issue:	Currency-linked securities
Underlying currencies:	Chinese yuan/dollar, Singapore dollar/dollar, South African rand/dollar and Thai baht/dollar spot exchange rates, each with a 25% weight; Canadian dollar/dollar, Czech koruna/dollar, euro/dollar and Swiss franc/dollar spot exchange rates, each with a negative 25% weight.
Amount:	$2.5 million
Maturity:	Aug. 29, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of 10.5% and the basket gain if basket level increases; par if basket level decreases
Pricing date:	Feb. 22
Settlement date:	Feb. 27
Underwriter:	Credit Suisse Securities (USA) LLC
Underwriting discount:	1.75%

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