Credit Suisse plans buffered contingent coupon notes linked to DISH

By Angela McDaniels

Tacoma, Wash., June 25 – Credit Suisse AG, London Branch plans to price buffered contingent coupon autocallable yield notes due July 15, 2020 linked to the class A common stock of DISH Network Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If DISH Network stock closes at or above the buffer level, 65% of the initial share price, on a quarterly observation date, the notes will pay a contingent coupon that quarter plus all prior unpaid contingent coupons, if any. The contingent coupon rate is expected to be 16% per year and will be set at pricing.

The notes will be automatically called at par if DISH Network stock closes at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless DISH Network stock finishes below the buffer level, in which case investors will lose 1.53846% for every 1% that the stock declines beyond 35%.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

The notes will price June 28.

The Cusip number is 22552FLW0.

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