New Issue: Credit Suisse sells $1.322 million 11.5% reverse convertibles linked to Harmony Gold

By Laura Lutz

Washington, March 19 - Credit Suisse (USA), Inc. priced $1.322 million of 11.5% reverse convertible securities due March 20, 2008 linked to American Depositary Receipts representing Harmony Gold Mining Co. Ltd. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless Harmony Gold stock falls below the knock-in price of $10.2225 - 75% of the initial value - during the life of the notes and finishes below its initial price of $13.63, in which case the payout will be a number of Harmony Gold shares equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	Harmony Gold Mining Co. Ltd.
Amount:	$1.322 million
Maturity:	March 20, 2008
Coupon:	11.5%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Harmony Gold stock falls below the knock-in price of $10.2225 during the life the notes and finishes below its initial value, in which case payout will be a number of shares equal to $1,000 divided by the initial share price
Initial price:	$13.63
Knock-in price:	$10.2225, 75% of $13.63
Pricing date:	March 15
Settlement date:	March 21
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	FIS
Agent fee:	2.96%

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