Credit Suisse to price 11.5% reverse convertibles linked to Deere

By Laura Lutz

Chicago, Oct. 19 - Credit Suisse, Nassau branch plans to price an issue of 11.5% reverse convertible notes due Jan. 30, 2008 linked to Deere & Co. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Deere stock falls below the knock-in price - 80% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Deere shares equal to $1,000 divided by the initial share price.

The notes are expected to price and settle in October.

Credit Suisse will be the underwriter.

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