New Issue: Credit Suisse sells $3.07 million of 12.25% reverse convertibles linked to Gold Fields

By Laura Lutz

Des Moines, Oct. 27 - Credit Suisse (USA), Inc. priced $3.07 million of 12.25% reverse convertible securities due Oct. 31, 2007 linked to American Depositary Receipts representing common stock of Gold Fields Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless the Gold Fields' ADRs fall below the knock-in price during the life of the notes and finishes below its initial price of $17.51 on Oct. 25, 2007, the valuation date, in which case the payout will be a number of the ADRs equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	American Depositary Receipts representing common stock of Gold Fields Ltd.
Amount:	$3.07 million
Maturity:	Oct. 31, 2007
Coupon:	12.25%, payable quarterly
Price:	Par
Payout at maturity:	Par unless the Gold Fields ADRs fall below the knock-in price of $10.51 during the life the notes and finishes below its initial value, in which case payout will be 57.1102 ADRs
Initial price:	$17.51
Knock-in price:	$10.51, 60% of $17.51
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	Credit Suisse Securities (USA) LLC
Agent's fee:	3%

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