Credit Suisse plans 7% one-year autocallable reverse convertibles linked to Gilead Sciences

By Susanna Moon

Chicago, Oct. 17 - Credit Suisse AG plans to price 7% autocallable reverse convertible notes due Oct. 30, 2014 linked to Gilead Sciences Inc. shares, according to an FWP 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 interest payment date.

The payout at maturity will be par unless Gilead Sciences shares fall and ever close below the 70% knock-in level during the life of the notes, in which case the payout will be $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Oct. 25 and settle on Oct. 30.

The Cusip number is 22547QCG9.

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