Credit Suisse plans 10.25% autocallable reverse convertibles linked to Restoration Hardware

By Toni Weeks

San Luis Obispo, Calif., June 5 – Credit Suisse AG plans to price 10.25% autocallable reverse convertible securities due June 22, 2015 linked to Restoration Hardware Holdings, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par if the stock closes at or above the initial share price on any of two trigger observation dates, which are Dec. 17, 2014 and March 17, 2015.

The payout at maturity will be par unless Restoration Hardware stock closes at or below the knock-in price, about 65% 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 Restoration Hardware shares equal to $1,000 divided by the initial share price.

The exact terms will be set at pricing.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price June 17 and settle June 20.

The Cusip number is 22547QP34.

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