Credit Suisse plans contingent coupon autocallable reverse convertibles on Anheuser-Busch

By Susanna Moon

Chicago, Aug. 11 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable reverse convertible securities due Nov. 26, 2018 linked to the American Depositary Shares of Anheuser-Busch InBev SA/NV stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 75% if the stock closes at or above its 75% coupon barrier level on an observation date for that month.

The notes will be called at par if the shares close at or above the initial level on Jan. 30, 2018, April 27, 2018 or July 30, 2018.

The payout at maturity will be par unless the shares finish below the initial level and close below the 75% knock-in level any day during the life of the notes, in which case 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 are expected to price on Aug. 22 and settle on Aug. 25.

The Cusip number is 22549JJU5.

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