Credit Suisse to price 6%-7.5% airbag autocallables linked to Facebook

By Angela McDaniels

Tacoma, Wash., June 7 – Credit Suisse AG, London Branch plans to price 6% to 7.5% airbag autocallable yield notes due June 16, 2017 linked to the class A common stock of Facebook 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 Facebook 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 Facebook shares equal to $1,000 divided by the conversion price. The conversion price will be 88% of the initial share price.

UBS Financial Services Inc. is acting as distributor.

The notes are expected to price June 10.

The Cusip number is 22548R558.

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