New Issue: Credit Suisse prices $1.455 million 10.75% notes linked to Goldcorp

By Angela McDaniels

Seattle, Feb. 27 - Credit Suisse (USA), Inc. priced a $1.455 million offering of 10.75% reverse convertible securities due Feb. 27, 2008 linked to the common stock of Goldcorp, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless Goldcorp stock falls below the knock-in price of $19.824 during the life of the securities and finishes below the initial share price of $28.32, in which case the payout will be a number of Goldcorp shares equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	Goldcorp Inc.
Amount:	$1.455 million
Maturity:	Feb. 27, 2008
Coupon:	10.75%, payable quarterly
Price:	Par
Payout at maturity:	If Goldcorp falls below the knock-in price during the life of the securities and finishes below the initial share price, 35.31073 Goldcorp shares; otherwise, par
Initial share price:	$28.32
Knock-in price:	$19.824, 70% of $28.32
Pricing date:	Feb. 22
Settlement date:	Feb. 28
Underwriter:	Credit Suisse Securities (USA) LLC
Underwriting discount:	3.06%
Distributor:	FIS

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