Credit Suisse to price 8.5% reverse convertibles linked to Cemex

By Jennifer Chiou

New York, Nov. 2 - Credit Suisse (USA) Inc. plans to price 8.5% reverse convertible securities due Nov. 30, 2007 linked to the American Depositary Receipts representing Cemex SA de CV common stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay interest quarterly.

The payout at maturity will be par unless Cemex ADRs fall below the knock-in price of 80% of the initial level during the life of the notes and finishes below its initial price on Nov. 26, 2007, the valuation date, in which case the payout will be a number of Cemex ADRs equal to $1,000 divided by the initial price.

The securities are expected to settle in November.

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

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