Credit Suisse to price reverse convertible autocallables on Overstock

By Marisa Wong

Morgantown, W.Va., Nov. 27 – Credit Suisse AG, London Branch plans to price 14.3% autocallable reverse convertible securities due Nov. 30, 2018 linked to the common stock of Overstock.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if the shares close at or above their initial share price on any monthly observation date beginning Feb. 26.

The payout at maturity will be par unless the shares finish below the 50% knock-in level, in which case investors will receive a number of Overstock 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 Nov. 28.

The Cusip number is 22549JMQ0.

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