Credit Suisse eyes contingent coupon autocalls tied to three stocks

By Sarah Lizee

Olympia, Wash., March 2 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 18, 2025 linked to the lowest performing of the stocks of Nektar Therapeutics, Uber Technologies, Inc. and STMicroelectronics NV, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annualized rate of 24.25% if each stock closes at or above its barrier level, 60% of its initial level, on a related observation date.

The notes will be called at par plus the coupon if each stock closes at or above 85% of its initial level on any monthly observation date starting in June.

The payout at maturity will be par unless any stock finishes below its 50% knock-in level, in which case the payout will be par plus the return of the least performing stock with full exposure to losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on March 13.

The Cusip number is 22551NHV1.

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