Credit Suisse to price contingent coupon autocallables tied to stocks

By Angela McDaniels

Tacoma, Wash., Sept. 5 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Sept. 14, 2020 linked to the lowest performing of the class A common stock of Facebook, Inc., the common stock of JPMorgan Chase & Co. and the common stock of Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon if each stock closes at or above its barrier level, 70% of its initial share price, on the observation date for that quarter. The contingent coupon rate is expected to be 19% per year.

The notes will be automatically called at par if each stock closes at or above its initial share price on any quarterly observation date.

The payout at maturity will be par unless any stock finishes below its barrier level, in which case investors will lose 1% for every 1% that the least-performing stock declines form its initial share price.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price Sept. 7.

The Cusip number is 22550BHF3.

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