Credit Suisse to price trigger autocallable notes on Caterpillar

By Marisa Wong

Morgantown, W.Va., Sept. 20 – Credit Suisse AG, London Branch plans to price trigger autocallable contingent yield notes due Sept. 25, 2020 linked to the common stock of Caterpillar Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock closes at or above the coupon barrier, 68.5% to 73.5% of the initial share price, on a quarterly observation date, the notes will pay a contingent coupon for that quarter at a rate of 7% per year.

After six months, the notes will be automatically called at par of $10 if the shares close at or above the initial share price on any quarterly observation date.

If the notes are not called and the final share price is greater than or equal to the 68.5% to 73.5% downside threshold level, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

UBS Financial Services Inc. will act as distributor.

The notes will price on Sept. 22.

The Cusip number is 22549D269.

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