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Published on 11/29/2016 in the Prospect News Structured Products Daily.

Credit Suisse plans contingent coupon autocallables tied to Facebook

By Marisa Wong

Morgantown, W.Va., Nov. 29 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Dec. 20, 2017 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at a rate of 10.3% per year if the stock closes at or above its barrier level, 75% of the initial level, on the observation date for that quarter.

The notes will be automatically called at par if the stock closes at or above its initial level on any quarterly trigger observation date.

The payout at maturity will be par unless the stock finishes below its 75% knock-in level, in which case investors will be fully exposed to the decline.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

The notes will price Dec. 2.

The Cusip number is 22548QPR0.


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