Credit Suisse to price 24% reverse convertibles linked to Southern Copper

By Laura Lutz

Des Moines, Nov. 8 - Credit Suisse, Nassau branch plans to price 24% reverse convertible notes due Feb. 26, 2008 linked to Southern Copper Corp. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par if Southern Copper stock stays above the knock-in price - 80% of the initial share price - during the life of the notes or if it finishes below the initial share price. Otherwise, the payout will be a number of Southern Copper shares equal to par divided by the initial price.

The notes are expected to price and settle in November.

Credit Suisse will be the agent.

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