New Issue: Credit Suisse sells $443,000 of 13% reverse convertibles linked to US Airways

By Laura Lutz

Washington, Nov. 27 - Credit Suisse (USA), Inc. priced $443,000 of 13% reverse convertible securities due Nov. 30, 2007 linked to US Airways Group, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless US Airways stock falls below the knock-in price during the life of the notes and finishes below its initial price of $62.95 on Nov. 26, 2007, the valuation date, in which case the payout will be a number of US Airways share equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	US Airways Group, Inc.
Amount:	$443,000
Maturity:	Nov. 30, 2007
Coupon:	13%, payable monthly
Price:	Par
Payout at maturity:	Par unless US Airways stock falls below the knock-in price of $40.92 during the life the notes and finishes below its initial value, in which case payout will be 15.8856 shares of US Airways stock
Initial price:	$62.95
Knock-in price:	$40.92, 65% of $62.95
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Agent:	Credit Suisse Securities (USA) LLC
Agent's fee:	3.15%

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