Published on 3/30/2006 in the Prospect News Convertibles Daily.
New Issue: Credit Suisse prices $855,000 11% reverse convertibles linked to Sherwin-Williams
By Angela McDaniels
Seattle, March 30 - Credit Suisse (USA) Inc. priced $855,000 of 11% reverse convertible securities due March 30, 2007 linked to Sherwin-Williams Co. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
| Issuer: | Credit Suisse (USA) Inc.
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| Issue: | Reverse convertible securities
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| Amount: | $855,000
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| Underlying stock: | Sherwin-Williams Co.
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| Maturity: | March 30, 2007
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| Coupon: | 11%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless stock falls below knock-in price of $34.391 during the life of the notes and closes below its initial value on March 26, 2007; payout will then be 20.354 shares of Sherwin-Williams stock
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| Initial share price: | $49.13
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| Trigger price: | $34.391, 70% of initial price
|
| Pricing date: | March 28
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| Settlement date: | March 31
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| Underwriter: | Credit Suisse
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