Credit Suisse plans contingent coupon autocallables on four stocks

By Wendy Van Sickle

Columbus, Ohio, April 20 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due April 28, 2017 linked to the common stocks of Facebook, Inc., Apple Inc., Amazon.com, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annualized rate of 14.65% if each stock closes above its barrier level, expected to be 70% of its initial level, on the observation date for that month.

The notes will be automatically called at plus the contingent coupon if each stock closes above its initial level on any observation date beginning July 22, 2016.

The payout at maturity will be par plus unless any of the stocks closes below its knock-in level, expected to be 70% of its initial level, in which case investors will receive be a number of shares of the worst-performing stock equal to $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price April 22.

The Cusip number is 22548Q4M4.

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