Credit Suisse plans contingent coupon autocallables linked to KB Home

By Toni Weeks

San Luis Obispo, Calif., Feb. 4 - Credit Suisse AG plans to price contingent coupon autocallable yield notes due Feb. 25, 2015 linked to KB Home shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate expected to be 14.35% if KB Home stock closes at or above the 70% barrier level on the valuation date for that quarter. The exact contingent quarterly coupon will be set at pricing.

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

If the stock finishes at or above the 70% barrier level, the payout at maturity will be par plus the last coupon. Investors will share fully in losses if the stock finishes below the 70% barrier level.

The final share price will be the average of the closing share prices on the five valuation dates ending Feb. 20, 2015.

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

The notes are expected to price Feb. 7 and settle Feb. 12.

The Cusip number is 22547QHM1.

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