New Issue: Credit Suisse prices $315,000 9.6% reverse convertibles linked to Motorola

By Angela McDaniels

Seattle, Feb. 24 - Credit Suisse (USA) Inc. priced $315,000 9.6% reverse convertible securities due Feb. 23, 2007 linked to Motorola Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par unless Motorola stock falls below the knock-in level of 90% of its initial price during the life of the notes.

If the knock-in level is hit, payout at maturity is par if the stock closes above its initial price on the valuation date of Feb. 16, 2007. Otherwise, payout is 46.361 shares of Motorola stock.

Issuer:	Credit Suisse (USA) Inc.
Issue:	Reverse convertible securities
Underlying stock:	Motorola Inc.
Amount:	$315,000
Maturity:	Feb. 23, 2007
Coupon:	9.6%, payable quarterly
Price:	Par
Payout at maturity:	Par unless stock falls below knock-in price of $19.413 during the life of the notes and ends below its initial value; payout will then be 46.361 shares of Motorola stock
Initial share price:	$21.57
Trigger price:	$19.413, 90% of initial price
Pricing date:	Feb. 22
Settlement date:	Feb. 24
Underwriter:	Credit Suisse

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