Credit Suisse plans to price buffered notes linked to Facebook stock

By Angela McDaniels

Tacoma, Wash., April 23 – Credit Suisse AG, London Branch plans to price 0% buffered notes due May 13, 2020 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the buffer level, expected to be 85% of the initial share price, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 9.3%.

If the final share price is less than the buffer level, investors will lose 1.17647% for every 1% that the stock declines beyond 15%.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

The notes will price April 26.

The Cusip number is 22552FBF8.

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