New Issue: Credit Suisse sells $3 million 14.25% reverse convertibles linked to Ford

By E. Janene Geiss

Philadelphia, April 26 - Credit Suisse, Nassau branch, priced $3 million of 14.25% reverse convertible securities due April 29, 2008 linked to Ford Motor Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless Ford stock falls below the knock-in price of $5.474 - 70% of the initial value - during the life of the notes and finishes below its initial price of $7.82, in which case the payout will be a number of Ford shares equal to $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse, Nassau branch
Issue:	Reverse convertible securities
Underlying stock:	Ford Motor Co.
Amount:	$3 million
Maturity:	April 29, 2008
Coupon:	14.25%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Ford stock falls below the knock-in price of $5.474 during the life the notes and finishes below its initial value, in which case payout will be a number of Ford shares equal to $1,000 divided by the initial share price
Initial price:	$7.82
Knock-in price:	$5.474, 70% of $7.82
Exchange ratio:	127.88
Pricing date:	April 24
Settlement date:	April 30
Agent:	Credit Suisse Securities (USA) LLC
Agent fee:	2.5%

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