New Issue: Credit Suisse prices $1.5 million 10.71% reverse convertibles linked to Popular

By Jennifer Chiou

New York, March 12 - Credit Suisse (USA) Inc. priced a $1.5 million issue of 10.71% reverse convertible securities due June 15, 2007 linked to Popular, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par unless Popular stock falls below the knock-in price during the life of the notes and finishes below its initial price on June 11, 2007, the valuation date, in which case the payout will be a number of Popular shares equal to $1,000 divided by the initial share price.

FIS is the distributor.

Issuer:	Credit Suisse (USA) Inc.
Issue:	Reverse convertible securities
Amount:	$1.5 million
Underlying stock:	Popular, Inc.
Maturity:	June 15, 2007
Coupon:	10.71%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Popular stock falls below the initial share price during the life of the notes and finishes below its initial value, in which case payout will be a number of shares equal to $1,000 divided by the initial share price
Initial share level:	$16.57
Knock-in price:	$16.57, 100% of initial price
Pricing date:	March 9
Settlement date:	March 15
Underwriter:	Credit Suisse Securities (USA) LLC
Distributor:	FIS
Fees:	2%

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