Credit Suisse plans 5% autocallable reverse convertibles linked to GE

By Susanna Moon

Chicago, Dec. 8 – Credit Suisse AG, London Branch plans to price 5% autocallable reverse convertible securities due Dec. 12, 2016 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par of $1,000 if General Electric shares close at or above the initial share price on June 8, 2016 or Sept. 7, 2016.

The payout at maturity will be par unless General Electric shares ever close at or below the 85% knock-in level on any day during the life of the notes and finish below the initial level, in which case investors will receive a number of General Electric shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Credit Suisse Securities (USA) LLC is the agent.

The notes will settle on Dec. 11.

The Cusip number is 22546VRN8.

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