Credit Suisse plans contingent coupon autocallables on three stocks

By Wendy Van Sickle

Columbus, Ohio, June 27 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due July 5, 2017 linked to the class A capital stock of Alphabet Inc., the common stock of Amazon.com, Inc. and the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annualized rate of 13% if each stock closes at or above its barrier level, 70% of its initial share price, on the observation date for that month.

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

The payout at maturity will be par unless any stock finishes below its barrier level, in which case investors will receive a number of shares of the least performing stock equal to $1,000 divided by that stock’s initial share price. The issuer has the option to instead pay cash in an amount equal to the value of those shares.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price June 29.

The Cusip number is 22549JAP5.

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