Published on 5/18/2006 in the Prospect News Convertibles Daily.
New Issue: Credit Suisse prices $2.6 million 12% reverse convertibles linked to eBay
By Jennifer Chiou
New York, May 18 - Credit Suisse (USA) Inc. priced $2.6 million of 12% reverse convertible securities due May 22, 2007 linked to eBay Inc. 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: | $2.6 million
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| Underlying stock: | eBay Inc.
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| Maturity: | May 22, 2007
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| Coupon: | 12%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless stock falls below knock-in price of $23.61 during the life of the notes and closes below its initial value on May 16, 2007, payout will then be par of $1,000 divided by $29.51 shares of eBay stock
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| Initial share price: | $29.51
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| Knock-in price: | $23.61, 80% of initial price
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| Pricing date: | May 17
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| Settlement date: | May 22
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| Underwriter: | Credit Suisse
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