Credit Suisse to price 8.7% reverse convertibles linked to eBay

By Angela McDaniels

Seattle, April 5 - Credit Suisse, Nassau Branch plans to price an offering of reverse convertible securities due Oct. 30, 2007 linked to the common stock of eBay Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The six-month notes will pay 4.35% for an annualized rate of 8.7%. Interest will be payable quarterly.

The payout at maturity will be par unless eBay stock falls by more than 20% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of eBay shares equal to $1,000 divided by the initial share price.

The notes will price and settle sometime in April.

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

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