New Issue: Credit Suisse sells $774,000 of 8.5% reverse convertibles linked to Cemex

By Laura Lutz

Washington, Nov. 27 - Credit Suisse (USA), Inc. priced $774,000 of 8.5% reverse convertible securities due Nov. 30, 2007 linked to Cemex, SAB de CV stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless Cemex stock falls below the knock-in price during the life of the notes and finishes below its initial price of $32.45 on Nov. 26, 2007, the valuation date, in which case the payout will be a number of Cemex share equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	Cemex, SAB de CV
Amount:	$774,000
Maturity:	Nov. 30, 2007
Coupon:	8.5%, payable monthly
Price:	Par
Payout at maturity:	Par unless Cemex stock falls below the knock-in price of $25.96 during the life the notes and finishes below its initial value, in which case payout will be 30.8166 shares of Cemex stock
Initial price:	$32.45
Knock-in price:	$25.96, 80% of $32.45
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Agent:	Credit Suisse Securities (USA) LLC
Agent's fee:	2.94%

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