New Issue: Credit Suisse prices $914,000 of 11% reverse convertibles linked to Las Vegas Sands

By Laura Lutz

Des Moines, Sept. 29 - Credit Suisse (USA) Inc. priced a $914,000 issue of 11% reverse convertible securities due Sept. 28, 2007 linked to Las Vegas Sands Corp. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

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

Issuer:	Credit Suisse (USA) Inc.
Issue:	Reverse convertible securities
Amount:	$914,000
Underlying stock:	Las Vegas Sands Corp.
Maturity:	Sept. 28, 2007
Coupon:	11%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Las Vegas Sands stock falls below knock-in price of $47.53 during the life of the notes and finishes below its initial value, in which case payout will be 14.7275 shares of Las Vegas Sands stock
Initial share level:	$67.90
Knock-in price:	$47.53, 70% of initial price
Pricing date:	Sept. 26
Settlement date:	Sept. 29
Underwriter:	Credit Suisse Securities (USA) LLC
Agents' fee:	$28.10 per $1,000 principal amount

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