Credit Suisse plans contingent coupon autocallables tied to five stocks

By Angela McDaniels

Tacoma, Wash., Feb. 24 - Credit Suisse AG, Nassau Branch plans to price contingent coupon autocallable notes due March 11, 2015 linked to a basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the common stocks of Amazon.com, Inc., Apple Inc., Family Dollar Stores, Inc. and Intel Corp. and the American Depositary Shares of Vale SA.

Interest is payable quarterly and will be 10% to 12% per year unless a knock-in event occurs, in which case there will be no interest for that quarter. The exact interest rate will be set at pricing.

A knock-in event occurs if any stock closes below 50% of its initial share price on a quarterly observation date.

The payout at maturity will be par unless the final price of any basket stock is less than 50% of its initial price, in which case investors will receive a number of shares of the worst-performing stock equal to $1,000 divided by that stock's initial price.

If each stock closes at or above 90% of its initial price on a quarterly observation date, the notes will be called at par.

The notes are expected to price Feb. 25 and settle March 11.

Credit Suisse Securities (USA) LLC is the underwriter.

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