Credit Suisse to price contingent coupon autocallables tied to stocks

By Angela McDaniels

Tacoma, Wash., March 13 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 30, 2018 linked to the class A common stock of Alphabet Inc., the common stock of Amazon.com, Inc., the class A common stock of Facebook, Inc. and the common stock of Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The contingent coupon rate is expected to be 12.4% to 13.4% per year. If any stock closes below its barrier level, 70% of its initial share price, on a monthly observation date, no contingent coupon will be paid that month. If each stock closes at or above its coupon barrier level, the notes will pay the continent coupon for that month and all prior unpaid contingent coupons, if any.

Beginning June 27, the notes will be automatically called at par if each stock closes at or above its initial share price on any monthly observation date.

The payout at maturity will be par unless any stock finishes below its barrier level, in which case the payout will be a number of shares of the least-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 March 28.

The Cusip number is 22549JFK1.

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