Credit Suisse plans contingent income notes linked to Anheuser-Busch

By Angela McDaniels

Tacoma, Wash., Nov. 4 – Credit Suisse AG, London Branch plans to price autocallable contingent income securities due Nov. 13, 2020 linked to the American Depositary Shares of Anheuser-Busch InBev SA/NV, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 8.75% if the stock closes at or above the downside threshold level, 80% of the initial share price, on the observation date for that quarter.

The notes will be automatically called at par of $10 if the stock closes at or above its initial share price on any quarterly observation date.

The payout at maturity will be par unless the stock finishes below the downside threshold level, in which case investors will lose 1% for every 1% that the stock declines from its initial share price.

Credit Suisse Securities (USA) Inc. is the agent. Morgan Stanley Smith Barney LLC is acting as distributor.

The notes will price Nov. 8.

The Cusip number is 22550K541.

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