New Issue: Credit Suisse sells $753,000 15% reverse convertibles linked to Ford

By Jennifer Chiou

New York, May 28 - Credit Suisse, Nassau branch priced $753,000 of 15% annualized reverse convertible securities due Dec. 1, 2008 linked to Ford Motor Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

Payout at maturity will be par unless the stock falls below the knock-in price - 60% of the initial value - during the life of the notes and finishes below its initial price, 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 underwriter.

Issuer:	Credit Suisse, Nassau branch
Issue:	Reverse convertible securities
Underlying stock:	Ford Motor Co. (NYSE: F)
Amount:	$753,000
Maturity:	Dec. 1, 2008
Coupon:	15%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Ford stock falls below the knock-in price during the life of the notes and finishes below its initial price, in which case payout will be Ford shares equal to $1,000 divided by the initial share price
Initial share price:	$6.80
Knock-in price:	$4.08, 60% of initial share price
Pricing date:	May 27
Settlement date:	May 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.2%

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