Credit Suisse plans autocallable reverse convertibles linked to Ford

New York, Oct. 5 – Credit Suisse AG, London Branch plans to price autocallable reverse convertible securities due Oct. 28, 2016 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is expected to be between 8% and 10% and will be set at pricing. Interest will be payable monthly.

The notes will be automatically called at par plus accrued interest if Ford shares close at or above the initial share price on April 25, 2016 or July 25, 2016.

The payout at maturity will be par unless Ford shares close at or below the knock-in price, 75% of the initial share price, during the life of the notes and finish below the initial share price, in which case investors will receive a number of Ford shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Oct. 23 and settle on Oct. 28.

The Cusip number is 22546VNJ1.

The estimated initial value is expected to be between $950.00 and $980.00 per $1,000 principal amount.

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