Credit Suisse plans contingent coupon autocallables on Nvidia

Chicago, Dec. 6 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable reverse convertible securities due March 17, 2020 linked to common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes above the coupon barrier level of 50% of its initial level on any monthly observation date, a contingent coupon will be paid at the annual rate of 11.15%.

The notes will be called at par plus the contingent coupon if Nvidia shares close at or above their initial price on June 12, 2019, Sept. 12, 2019 or Dec. 12, 2019.

If the shares do not close below 50% for the entire term of the notes the payout will be par. The payout at maturity will also be par if the final level is equal to or greater than the initial level but the notes closed below 50% of the initial share price on any day during the life of the notes. If the notes closed below 50% at any point and the final level is less than the initial level investors will receive a number of Nvidia shares equal to $1,000 divided by the 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. 12 and settle on Dec. 17.

The Cusip number is 22549JZR4.

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