Credit Suisse to price 0% securities linked to eight currencies

By Angela McDaniels

Seattle, Dec. 12 - Credit Suisse (USA), Inc. plans to price an issue of securities due June 30, 2008 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will price and settle sometime in December.

The basket includes the Thai baht/dollar, Chinese yuan/dollar, Singapore dollar/dollar and South African rand/dollar spot exchange rates, each with a 25% weight. The basket also includes the Swiss franc/dollar, Canadian dollar/dollar, euro/dollar and Czech koruna/dollar spot exchange rates, each with a negative 25% weight.

If the final basket level is greater than or equal to zero and less than or equal to the participation minimum, the payout at maturity will be par plus the participation minimum, which is expected to be between 0.10 and 0.105 and will be determined at pricing.

If the final basket level is greater than the participation minimum, the payout will be par plus the return on the basket.

If the final basket level is less than zero, the payout will be par.

Credit Suisse Securities (USA) LCC will underwrite the offering.

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