Credit Suisse to price 6.5%-8.5% airbag autocallables tied to Citigroup

By Wendy Van Sickle

Columbus, Ohio, May 18 – Credit Suisse AG, London Branch plans to price 6.5% to 8.5% airbag autocallable yield optimization notes due May 26, 2017 linked to the common stock of Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact interest rate will be set at pricing.

The notes will be called automatically at par if the 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 Citigroup shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

UBS Financial Services Inc. is acting as distributor.

The notes are expected to price May 20 and settle May 25.

The Cusip number is 22549H500.

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