New Issue: Credit Suisse prices $549,000 12% reverse convertibles linked to Visa

By E. Janene Geiss

Philadelphia, June 26 - Credit Suisse, Nassau branch priced a $549,000 issue of 12% reverse convertible securities due Sept. 30, 2008 linked to the common stock of Visa Inc., according to a 424B filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Visa stock falls by more than 25% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Visa shares equal to par divided by the initial share price.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse, Nassau branch
Issue:	Reverse convertible securities
Underlying stock:	Visa Inc. (NYSE: V)
Amount:	$549,000
Maturity:	Sept. 30, 2008
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	If Visa stock falls below the knock-in level during the life of the notes and the final share price is less than the initial share price, 12.18620 Visa shares; otherwise, par
Initial share price:	$82.06
Knock-in price:	$61.545, 75% of initial share price
Pricing date:	June 25
Settlement date:	June 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	1.5%

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