Credit Suisse plans five-year trigger phoenix autocallables tied to CBS

By Susanna Moon

Chicago, Dec. 5 – Credit Suisse AG, London Branch plans to price trigger phoenix autocallable optimization securities due Dec. 11, 2019 linked to CBS Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If CBS stock closes at or above the coupon barrier level – 77% to 82% of the initial price – on any monthly observation date, the notes will pay a contingent coupon at an annualized rate of 8% for that month.

If the shares close at or above the initial price on any monthly observation date after one year, the notes will be called at par plus the contingent coupon.

If the notes are not called and CBS shares finish at or above the 77% to 82% trigger price, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the underwriter with UBS Financial Services Inc. as the dealer.

The notes will price on Dec. 5 and settle on Dec. 10.

The Cusip number is 22547T480.

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