New Issue: Credit Suisse prices $1.5 million 13.9% reverse convertibles linked to Cameco

By Angela McDaniels

Seattle, Sept. 21 - Credit Suisse priced a $1.5 million issue of 13.9% reverse convertible securities due Sept. 26, 2008 linked to the common stock of Cameco Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless Cameco stock falls by 35% or more during the life of the securities and finishes below the initial share price, in which case the payout will be a number of Cameco shares equal to $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse
Issue:	Reverse convertible securities
Underlying stock:	Cameco Corp. (NYSE: CCJ)
Amount:	$1.5 million
Maturity:	Sept. 26, 2008
Coupon:	13.9%, payable quarterly
Price:	Par
Payout at maturity:	If Cameco stock falls by 35% or more during the life of the notes and the final share price is less than the initial share price, 22.94731 Cameco shares; otherwise, par
Initial share price:	$43.5781
Knock-in price:	$28.33, 65% of initial share price
Pricing date:	Sept. 20
Settlement date:	Sept. 26
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.9%

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