Credit Suisse to price 11.5% notes liked to Harmony Gold Mining

By Angela McDaniels

Seattle, March 2 - Credit Suisse (USA), Inc. plans to price an offering of 11.5% reverse convertible securities due March 20, 2008 linked to American Depositary Receipts representing the common stock of Harmony Gold Mining Co. Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

The securities will price and settle in March.

Interest will be payable quarterly.

The payout at maturity will be par unless Harmony Gold Mining shares fall by more than 25% during the life of the securities and finish below the initial share price, in which case the payout will be a number of Harmony Gold Mining shares equal to $1,000 divided by the initial share price.

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

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