New Issue: Credit Suisse prices $2.433 million 8.5% reverse convertibles linked to Lowe's

By Angela McDaniels

Seattle, Aug. 30 - Credit Suisse (USA) Inc. priced a $2.433 million issue of 8.5% reverse convertible securities due Aug. 31, 2007 linked to Lowe's Cos., Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par unless Lowe's stock falls below the knock-in level during the life of the notes and finishes below its initial price on Aug. 27, 2007, the valuation date, in which case the payout will be a number of Lowe's shares equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse (USA) Inc.
Issue:	Reverse convertible securities
Amount:	$2.433 million
Underlying stock:	Lowe's Cos., Inc.
Maturity:	Aug. 31, 2007
Coupon:	8.5%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Lowe's stock falls below knock-in price of $21.704 during the life of the notes and finishes below its initial value, in which case payout will be 36.85957 shares of Lowe's stock
Initial share price:	$27.13
Knock-in price:	$21.704, 80% of initial price
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Underwriter:	Credit Suisse Securities (USA) LLC

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