Credit Suisse plans 6% reverse convertible autocallables on BofA

New York, May 11 – Credit Suisse AG, London Branch plans to price 6% autocallable reverse convertible securities due Aug. 27, 2018 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if the stock closes at or above its initial level on Nov. 21, 2017, Feb. 21, 2018 or May 23, 2018.

The payout at maturity will be par unless Bank of America stock closes at or below the 75% knock-in level at any time during the life of the notes and finishes below the initial share price, 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, the cash equivalent.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 23 and settle on May 26.

The Cusip number is 22549JGV6.

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