Credit Suisse to price 15% reverse convertibles linked to Ford

By E. Janene Geiss

Philadelphia, May 23 - Credit Suisse plans to price 15% annualized reverse convertible notes due Dec. 1, 2008 linked to Ford Motor Co. common stock, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout at maturity will be par unless Ford stock falls below the knock-in price - 60% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Ford shares equal to $1,000 divided by the initial share price.

The issue is expected to price and settle in May.

Credit Suisse is the agent.

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