Credit Suisse plans contingent coupon autocallables on three stocks

By Susanna Moon

Chicago, Aug. 1 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Aug. 9, 2017 linked to the worst performing of the class A common stock of Facebook, Inc. and the common stocks of Apple Inc. and Skyworks Solutions, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon at an annual rate of 14.25% if each stock closes at or above its coupon barrier level, 70% of the initial level, 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 observation date.

The payout at maturity will be par unless any stock finishes below its 70% knock-in level, in which case investors will be fully exposed to any losses of the worst performing stock.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Aug. 4 and settle on Aug. 9.

The Cusip number is 22549JBA7.

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