New Issue: Credit Suisse sells $350,000 of 10.25% reverse convertibles linked to Foster Wheeler

By Laura Lutz

Des Moines, Nov. 27 - Credit Suisse (USA), Inc. priced $350,000 of 10.25% reverse convertible securities due Nov. 30, 2007 linked to Foster Wheeler Ltd. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be par unless Foster Wheeler stock falls below the knock-in price during the life of the notes and finishes below its initial price of $51.65 on Nov. 26, 2007, the valuation date, in which case the payout will be a number of Foster Wheeler share equal to $1,000 divided by the initial share price.

Issuer:	Credit Suisse Securities (USA), Inc.
Issue:	Reverse convertible securities
Underlying stock:	Foster Wheeler Ltd.
Amount:	$350,000
Maturity:	Nov. 30, 2007
Coupon:	10.25%, payable monthly
Price:	Par
Payout at maturity:	Par unless Foster Wheeler stock falls below the knock-in price of $38.74 during the life the notes and finishes below its initial value, in which case payout will be 19.3611 shares of Foster Wheeler stock
Initial price:	$51.65
Knock-in price:	$38.74, 75% of $51.65
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Agent:	Credit Suisse Securities (USA) LLC
Agent's fee:	3.04%

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