Credit Suisse plans contingent coupon autocallables on United States Steel

By Wendy Van Sickle

Columbus, Ohio, Sept. 9 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Sept. 24, 2018 linked to the common stock of United States Steel Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon of 16.2% a year if the stock closes at or above its barrier level, roughly 50% of the initial level, on the observation date for that quarter.

The payout at maturity will be par unless the stock finishes below its 50% knock-in level, in which case investors will be fully exposed to the decline.

The notes will be automatically called at par if the stock closes at or above its initial level on any quarterly trigger observation date.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Sept. 20 and settle on Sept. 23.

The Cusip number is 22549JBP4.

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