Credit Suisse plans autocallable reverse convertibles on three stocks

By Marisa Wong

Morgantown, W.Va., Dec. 18 – Credit Suisse AG, London Branch plans to price 13.5% autocallable reverse convertible securities due Dec. 21, 2018 linked to the lowest performing of the common stocks of Micron Technology, Inc., Finisar Corp. and Lam Research Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Beginning March 19, the notes will be automatically called at par if each stock closes at or above its initial share price on any monthly trigger observation date.

The payout at maturity will be par unless any stock finishes below its knock-in price, 60% of its initial share price, in which case investors will receive a number of shares of the worst-performing stock equal to $1,000 divided by that stock’s initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Dec. 19.

The Cusip number is 22549JNJ5.

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