Credit Suisse plans contingent coupon autocallable yield notes on four stocks

By Emma Trincal

New York, March 3 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 20, 2025 linked to the least performing of the stocks of Apple Inc., Amazon.com, Inc., Alphabet Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock closes at or above the coupon barrier level, 60% of its initial share price, on a quarterly observation date, the notes will pay a contingent payment for that quarter at a rate of 14.5% per year.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial price on any quarterly observation date.

If the notes are not called, the payout at maturity will be par unless any asset finishes below the 60% knock-in level, in which case investors will lose 1% for each 1% decline of the laggard stock.

Incapital LLC is the agent.

The notes will price on March 17 and settle on March 20.

The Cusip is 22551NU79.

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