New Issue: Credit Suisse sells $1 million of 20% reverse convertibles linked to Encore Wire

By Laura Lutz

Washington, Dec. 7 - Credit Suisse (USA), Inc. priced $1 million of 20% reverse convertible securities due June 12, 2007 linked to Encore Wire, Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless Encore Wire stock falls below the knock-in price during the life of the notes and finishes below its initial price of $25.16 on June 6, 2007, the valuation date, in which case the payout will be a number of Encore Wire share equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	Encore Wire, Corp.
Amount:	$1 million
Maturity:	June 12, 2007
Coupon:	20%, payable monthly
Price:	Par
Payout at maturity:	Par unless Encore Wire stock falls below the knock-in price of $17.61 during the life the notes and finishes below its initial value, in which case payout will be 39.7456 shares of Encore Wire stock
Initial price:	$25.16
Knock-in price:	$17.612, 70% of $25.16
Pricing date:	Dec. 6
Settlement date:	Dec. 12
Agent:	Credit Suisse Securities (USA) LLC
Agent's fee:	1.865%

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