Credit Suisse plans autocallable reverse convertible securities on four stocks

By Emma Trincal

New York, Feb. 25 – Credit Suisse AG, London Branch plans to price 8% autocallable reverse convertible securities due Feb. 28, 2022 linked to the least performing of four stocks, according to a 424B2 filing with the Securities and Exchange Commission.

	The underliers are	Kansas City Southern,	Norfolk Southern Corp.,	Union Pacific Corp.	and	Westinghouse Air Brake Technologies Corp.
	Interest is payable monthly if each stock closes above its coupon barrier, 61.75% of its initial level, on the related monthly observation date.
	The notes will be called at par if the shares of the least performing stock close at or above their initial price on any monthly trigger observation date after six months.
	The payout at maturity will be par unless any of the stocks finishes below its 61.75% knock-in level, in which case investors will receive a number of shares of the least performing stock equal to $1,000 divided by the initial share price.
	Credit Suisse Securities (USA) LLC is the agent.
	The notes will settle on Feb. 28.
	The Cusip number is 22550MBJ7.

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