New Issue: Credit Suisse prices $420,000 12.5% reverse convertibles linked to AMD

By Angela McDaniels

Seattle, Feb. 24 - Credit Suisse (USA) Inc. priced $420,000 12.5% reverse convertible securities due Feb. 23, 2007 linked to Advanced Micro Devices Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par unless Advanced Micro Devices stock falls below the knock-in level of 70% of its initial price during the life of the notes.

If the knock-in level is hit, payout at maturity is par if the stock closes above its initial price on the valuation date of Feb. 16, 2007. Otherwise, payout is 24.969 shares of Advanced Micro Devices.

Issuer:	Credit Suisse (USA) Inc.
Issue:	Reverse convertible securities
Underlying stock:	Advanced Micro Devices Inc.
Amount:	$420,000
Maturity:	Feb. 23, 2007
Coupon:	12.5%, payable quarterly
Price:	Par
Payout at maturity:	Par unless stock falls below knock-in price of $28.035 during the life of the notes and ends below its initial value, payout will then be 24.969 shares of Advanced Micro Devices stock
Initial share price:	$40.05
Trigger price:	$28.035, 70% of initial price
Pricing date:	Feb. 22
Settlement date:	Feb. 24
Underwriter:	Credit Suisse

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