New Issue: Credit Suisse prices $1.861 million 11% notes linked to Yahoo!

By Angela McDaniels

Seattle, Feb. 27 - Credit Suisse (USA), Inc. priced a $1.861 million offering of reverse convertible securities due Aug. 31, 2007 linked to the common stock of Yahoo! Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The six-month securities will pay 5.5% for an annualized rate of 11%. Interest will be payable quarterly.

The payout at maturity will be par unless Yahoo! stock falls below the knock-in price of $25.28 during the life of the securities and finishes below the initial share price of $31.60, in which case the payout will be a number of Yahoo! shares equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	Yahoo! Inc.
Amount:	$1.861 million
Maturity:	Aug. 31, 2007
Coupon:	11%, payable quarterly
Price:	Par
Payout at maturity:	If Yahoo! shares fall below the knock-in price during the life of the notes and finish below the initial share price, 31.64557 Yahoo! shares; otherwise, par
Initial share price:	$31.60
Knock-in price:	$25.28, 80% of $31.60
Pricing date:	Feb. 22
Settlement date:	Feb. 28
Underwriter:	Credit Suisse Securities (USA) LLC
Underwriting discount:	1.97%
Distributor:	FIS

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