New Issue: Credit Suisse sells $690,000 16.25% reverse convertibles linked to Lehman Brothers

By E. Janene Geiss

Philadelphia, Feb. 27 - Credit Suisse, Nassau branch priced $690,000 of 16.25% reverse convertible securities due May 29, 2008 linked to Lehman Brothers Holdings Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Payout at maturity will be par unless Lehman Brothers stock falls below the knock-in price of $36.12 - 65% of the initial value - during the life of the notes and finishes below its initial price of $55.57, in which case the payout will be a number of Lehman Brothers shares equal to $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the agent. FIS is the distributor.

Issuer:	Credit Suisse, Nassau branch
Issue:	Reverse convertible securities
Underlying stock:	Lehman Brothers Holdings Inc. (Symbol: LEH)
Amount:	$690,000
Maturity:	May 29, 2008
Coupon:	16.25%, payable monthly
Price:	Par
Payout at maturity:	Par unless Lehman Brothers stock falls below the knock-in price of $36.12 during the life of 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:	$55.57
Knock-in price:	$36.12, 65% of $55.57
Pricing date:	Feb. 25
Settlement date:	Feb. 29
Agent:	Credit Suisse Securities (USA) LLC
Distributor:	FIS
Fees:	1.5%

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