New Issue: Credit Suisse sells $0.765 million 17% reverse convertibles linked to Advanced Micro Devices

By Jennifer Chiou

New York, May 29 - Credit Suisse (USA), Inc. priced $0.765 million of 17% reverse convertible securities due Nov. 30, 2007 linked to Advanced Micro Devices, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless Advanced Micro Devices stock falls below the knock-in price of $11.904 - 80% of the initial value - during the life of the notes and finishes below its initial price of $14.88, in which case the payout will be a number of Advanced Micro Devices shares equal to $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	Advanced Micro Devices, Inc.
Amount:	$0.765 million
Maturity:	Nov. 30, 2007
Coupon:	17%, payable monthly
Price:	Par
Payout at maturity:	Par unless Advanced Micro Devices stock falls below the knock-in price of $11.904 during the life 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 price:	$14.88
Knock-in price:	$11.904, 80% of $14.88
Pricing date:	May 24
Settlement date:	May 31
Agent:	Credit Suisse Securities (USA) LLC
Fee:	2.25%

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