Credit Suisse plans contingent coupon autocallables on four stocks

By Marisa Wong

Morgantown, W.Va., Feb. 13 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Feb. 20, 2018 linked to the lowest performing of four stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Facebook, Inc., Alphabet Inc., Amazon.com, Inc. and Seagate Technology plc.

If each stock closes at or above its coupon barrier level, 70% of the initial level, on a monthly observation date, the notes will pay a contingent coupon for that month at an annual rate of 15.2%.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any monthly observation date beginning in May.

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

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Feb. 14.

The Cusip number is 22549JEP1.

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