Published on 4/26/2006 in the Prospect News Convertibles Daily.
New Issue: Credit Suisse prices $0.39 million 9.25% reverse convertibles linked to Countrywide
New York, April 26 - Credit Suisse (USA) Inc. priced $0.39 million of 9.25% reverse convertible securities due April 27, 2007 linked to Countrywide Financial Corp. 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: | $0.39 million
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| Underlying stock: | Countrywide Financial Corp.
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| Maturity: | April 27, 2007
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| Coupon: | 9.25%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless stock falls below knock-in price of $30.392 during the life of the notes and closes below its initial value on April 23, 2007, payout will then be par of $1,000 divided by $37.99 shares of Countrywide stock
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| Initial share price: | $37.99
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| Knock-in price: | $30.392, 80% of initial price
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Underwriter: | Credit Suisse
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