Credit Suisse plans contingent coupon autocallables linked to stocks

By Susanna Moon

Chicago, Sept. 30 – Credit Suisse AG, London branch plans to price contingent coupon autocallable yield notes due Oct. 13, 2017 linked to the common stock of Amazon.com, Inc., the class A common stock of Alphabet Inc., the common stock of Apple Inc. and the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 14.6% if each stock closes at or above its coupon barrier level, 75% of the initial level, on the observation date for that month.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any interest payment date beginning on April 25, 2017.

The payout at maturity will be par unless any stock finishes below its 75% 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 Oct. 7 and settle on Oct. 13.

The Cusip number is 22549JCH1.

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