New Issue: Credit Suisse sells $1.877 million of 11.85% reverse convertibles linked to IntercontinentalExchange

By Laura Lutz

Washington, Nov. 27 - Credit Suisse (USA), Inc. priced $1.877 million of 11.85% reverse convertible securities due May 31, 2007 linked to IntercontinentalExchange, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless IntercontinentalExchange stock falls below the knock-in price during the life of the notes and finishes below its initial price of $101.12 on May 24, 2007, the valuation date, in which case the payout will be a number of IntercontinentalExchange share equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	IntercontinentalExchange, Inc.
Amount:	$1.877 million
Maturity:	May 31, 2007
Coupon:	11.85%, payable monthly
Price:	Par
Payout at maturity:	Par unless IntercontinentalExchange stock falls below the knock-in price of $65.73 during the life the notes and finishes below its initial value, in which case payout will be 9.8892 shares of IntercontinentalExchange stock
Initial price:	$101.12
Knock-in price:	$65.73, 65% of $101.12
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Agent:	Credit Suisse Securities (USA) LLC
Agent's fee:	1.995%

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