Credit Suisse to price 11% reverse convertibles linked to 10 stocks

By Laura Lutz

Des Moines, Nov. 2 - Credit Suisse (USA), Inc. plans to price an issue of 11% reverse convertible securities due Nov. 30, 2007 linked to a stock basket.

Interest will be paid quarterly.

The underlying basket contains equal weights of the shares of ImClone Systems, Inc.; Silver Wheaton Corp.; Under Armour, Inc.; Intuitive Surgical, Inc.; IntercontinentalExchange, Inc.; ImClone Systems, Inc.; U.S. Airways Group, Inc.; Foster Wheeler Ltd.; D.R. Horton, Inc.; and Cemex, SA de CV.

Payment at maturity will be determined according to the performance of each stock. If any of the stocks trades at or below the knock-in price, 70% of its initial level, and closes below its initial price, investors will receive a number of shares of that stock equal to $1,000 divided by the initial stock price and multiplied by 0.1, the weighting of each component.

Otherwise, investors will receive par in cash.

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