Credit Suisse plans 5.5%-7.5% autocallable reverse convertibles due 2016 tied to Facebook

New York, July 7 – Credit Suisse AG plans to price 5.5% to 7.5% autocallable reverse convertible securities due July 18, 2016 linked to Facebook, Inc. class A common stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be set at pricing.

The notes will be called at par if the stock closes at or above the initial share price on Jan. 13, 2016 or April 13, 2016.

If the notes are not called, the payout at maturity will be par unless Facebook stock closes at or below the knock-in price, 75% of the initial share price, during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Facebook shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash value of those shares.

The securities (Cusip: 22546VH33) are expected to price on July 13 and settle on July 18.

The estimated initial value is between $950 and $980 per $1,000 principal amount.

Credit Suisse Securities (USA) LLC is the agent.

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