Credit Suisse plans 12.2% autocall reverse convertibles tied to stocks

By Susanna Moon

Chicago, Sept. 12 – Credit Suisse AG, London Branch plans to price 12.2% autocallable reverse convertible securities due Sept. 18, 2018 linked to a basket of three stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Tractor Supply Co., Caterpillar Inc. and CF Industries Holdings, Inc.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial level on a monthly observation date.

The payout at maturity will be par unless any stock finishes below its 70% knock-in level, in which case investors will receive a number of shares of the worst performing stock 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 Sept. 14 and settle on Sept. 18.

The Cusip number is 22549JKF6.

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