New Issue: Credit Suisse prices $992,000 12% reverse convertibles linked to NYSE Euronext

By E. Janene Geiss

Philadelphia, May 29 - Credit Suisse, Nassau branch priced a $992,000 issue of reverse convertible securities due Nov. 30, 2007 linked to NYSE Euronext common stock, according to a 424B2 filing with the Securities and Exchange Commission.

The six-month notes will pay 6% for an annualized rate of 12%. Interest is payable monthly.

The payout at maturity will be par unless NYSE Euronext stock falls below the knock-in price during the life of the notes and finishes below its initial share price on Nov. 26, 2007, the valuation date, in which case the payout will be a number of NYSE Euronext shares equal to $1,000 divided by the initial share price.

Credit Suisse is the underwriter.

Issuer:	Credit Suisse, Nassau branch
Issue:	Reverse convertible securities
Amount:	$992,000
Underlying stock:	NYSE Euronext
Maturity:	Nov. 30, 2007
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	Par unless NYSE Euronext stock falls below the knock-in price during the life of the notes and finishes below its initial share price, in which case payout will be a number of shares equal to $1,000 divided by the initial share price
Initial share price:	$82.99
Knock-in price:	$66.392, 80% of initial share price
Pricing date:	May 24
Settlement date:	May 31
Underwriter:	Credit Suisse
Fees:	2%

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