Published on 3/30/2006 in the Prospect News Convertibles Daily.
New Issue: Credit Suisse prices $582,000 13% reverse convertibles linked to Arch Coal
By Angela McDaniels
Seattle, March 30 - Credit Suisse (USA) Inc. priced $582,000 of 13% reverse convertible securities due March 30, 2007 linked to Arch Coal Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
| Issuer: | Credit Suisse (USA) Inc.
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| Issue: | Reverse convertible securities
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| Amount: | $582,000
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| Underlying stock: | Arch Coal Inc.
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| Maturity: | March 30, 2007
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| Coupon: | 13%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless stock falls below knock-in price of $60.144 during the life of the notes and closes below its initial value on March 26, 2007; payout will then be 13.301 shares of Arch Coal stock
|
| Initial share price: | $75.18
|
| Trigger price: | $60.144, 80% of initial price
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriter: | Credit Suisse
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