Credit Suisse to price 10.5% reverse convertibles linked to Shanda

By Susanna Moon

Chicago, April 7 - Credit Suisse, Nassau branch plans to price 10.5% annualized reverse convertible securities due July 30, 2008 linked to American Depositary Receipts representing common shares of Shanda Interactive Entertainment Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Shanda shares fall by more than 30% during the life of the notes and the final share price is less than the initial price, in which case the payout will be a number of Shanda shares equal to par divided by the initial share price.

The notes will price and settle in April.

Credit Suisse Securities (USA) LLC will be the underwriter.

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