Credit Suisse plans contingent coupon autocallables linked to Alaska Air, Prudential

By Angela McDaniels

Tacoma, Wash., May 27 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due June 5, 2017 linked to the common stocks of Alaska Air Group, Inc. and Prudential Financial, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon if each stock closes at or above its barrier level, 80% of its initial share price, on the observation date for that quarter. The contingent coupon rate is expected to be 21.4% to 21.9% per year and will be set at pricing.

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

The payout at maturity will be par unless either stock finishes below its barrier level, in which case investors will receive a number of shares of the lesser-performing stock equal to $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price May 31.

The Cusip number is 22549JAN0.

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