Credit Suisse to price 14.25% Revertibles linked to seven stocks

By Angela McDaniels

Seattle, Oct. 16 - Credit Suisse (USA) Inc. plans to price an issue of 14.25% reverse convertible notes (Revertibles) due Oct. 31, 2007 linked to a basket of seven stocks, according to a Credit Suisse term sheet.

The equally weighted basket will include the common stocks of NutriSystems Inc., Nasdaq Stock Market Inc., Hansen Natural Corp., eBay Inc., Bill Barrett Corp., Gold Fields Ltd. and Eagle Materials Inc.

Interest will be payable quarterly.

The notes will price on Oct. 26 and settle on Oct. 31.

For each basket component, the payout at maturity will be par multiplied by the component's weighting unless the component's stock falls below the knock-in price during the life of the notes and finishes below its initial share price, in which case the payout will be a number of shares of that component equal to $1,000 divided by the initial share price, multiplied by the weighting of that component in the basket. The knock-in price will be 70% of the initial share price.

Credit Suisse Securities (USA) LLC will be the underwriter.

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