New Issue: Credit Suisse sells $3.453 million of 17.5% reverse convertibles linked to SanDisk

By E. Janene Geiss

Philadelphia, Dec. 26 - Credit Suisse (USA), Inc. priced $3.453 million of 17.5% reverse convertible securities due June 29, 2007 linked to SanDisk Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless SanDisk stock falls below the knock-in price of $31.87 - 75% of the initial value - during the life of the notes and finishes below its initial price of $42.49 on June 25, 2007, the valuation date, in which case the payout will be a number of SanDisk shares equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	SanDisk Corp.
Amount:	$3.453 million
Maturity:	June 29, 2007
Coupon:	17.5%, payable quarterly
Price:	Par
Payout at maturity:	Par unless SanDisk stock falls below the knock-in price of $31.87 during the life the notes and finishes below its initial value, in which case payout will be 23.53 shares of SanDisk stock
Initial price:	$42.49
Knock-in price:	$31.87, 75% of $42.49
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Agent:	Credit Suisse Securities (USA) LLC
Agent's fee:	2%

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