Credit Suisse to price 16.75% reverse convertibles linked to Cemex

By Susanna Moon

Chicago, Jan. 4 - Credit Suisse, Nassau branch plans to price 16.75% annualized reverse convertible securities due July 25, 2008 linked to American Depositary Receipts representing the ordinary participation certificates of Cemex, SAB de CV, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless Cemex shares fall by more than 20% during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of Cemex shares equal to par divided by the initial share price.

The notes will price and settle in January.

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

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