Credit Suisse to price 11.3% notes linked to Freeport-McMoRan

By Angela McDaniels

Seattle, Jan. 16 - Credit Suisse (USA), Inc. plans to price an issue of 11.3% reverse convertible securities due Jan. 30, 2008 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout at maturity will be par unless Freeport-McMoRan stock falls below the knock-in level - 70% of the initial share price - during the life of the securities and finishes below the initial share price, in which case the payout will be a number of Freeport-McMoRan shares equal to $1,000 divided by the initial share price.

The notes will price sometime in January.

Credit Suisse will be the underwriter.

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