New Issue: Credit Suisse sells $8.107 million of 18.75% reverse convertibles linked to Hansen

By Laura Lutz

Des Moines, Oct. 27 - Credit Suisse (USA), Inc. priced $8.107 million of 18.75% reverse convertible securities due April 30, 2007 linked to Hansen Natural Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless Hansen stock falls below the knock-in price during the life of the notes and finishes below its initial price of $33.48 on April 24, 2007, the valuation date, in which case the payout will be a number of Hansen share equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	Hansen Natural Corp.
Amount:	$8.107 million
Maturity:	April 30, 2007
Coupon:	18.75%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Hansen stock falls below knock-in price of $20.09 during the life the notes and finishes below its initial value, in which case payout will be 29.8686 shares of Hansen stock
Initial price:	$33.48
Knock-in price:	$20.09, 60% of $33.48
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	Credit Suisse Securities (USA) LLC
Agent's fee:	2.05%

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