Credit Suisse to sell 8.8% autocallable reverse convertibles on BofA

New York, March 27 – Credit Suisse AG, London Branch plans to price 8.8% autocallable reverse convertible securities due July 10, 2019 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be paid monthly.

The notes will be automatically called at par if the shares close at or above their initial level on Oct. 5, 2018, Jan. 7, 2019 or April 5, 2019.

The payout at maturity will be par unless the shares finish below the initial level and close below the expected 75% knock-in level any day during the life of the notes, in which case investors will receive a number of Bank of America shares equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares. The exact knock-in level will be set at pricing.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on April 5 and settle on April 10.

The Cusip number is 22549JA59.

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