Credit Suisse plans 6.8%-8.8% airbag autocallables linked to Fortinet

By Susanna Moon

Chicago, June 23 – Credit Suisse AG, London Branch plans to price 6.8% to 8.8% airbag autocallable yield notes due June 30, 2017 linked to Fortinet, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly, with the exact rate to be set at pricing.

The notes will be called at par if Fortinet shares close at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Fortinet shares equal to $1,000 divided by the conversion price. The conversion price will be 82% of the initial share price.

UBS Financial Services Inc. is the distributor.

The notes will price on June 24 and settle on June 30.

The Cusip number is 22548R640.

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