Credit Suisse plans contingent coupon autocallables tied to Citigroup

By Marisa Wong

Morgantown, W.Va., Jan. 12 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Jan. 31, 2018 linked to Citigroup, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 11.35% if the stock closes at or above the 75% coupon barrier on the observation date for that quarter.

The notes will be called at par if the stock closes at or above the initial price on any observation date other than the final date.

The payout at maturity will be par plus the final coupon unless the stock finishes below the 75% knock-in level, in which case investors will be fully exposed to any losses.

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

The notes will price on Jan. 13.

The Cusip number is 22548QSZ9.

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