Credit Suisse plans 12% contingent coupon autocallables on stocks

By Tali Rackner

Minneapolis, Jan. 5 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Jan. 21, 2020 linked to the least performing of the class A common stock of Facebook, Inc., the common stocks of Amazon.com, Inc. and Netflix, Inc. and the class C capital stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 12% if each stock closes at or above its 60% coupon barrier on an observation date for that quarter.

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

The payout at maturity will be par unless any stock finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the least-performing stock.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Jan. 12 and settle on Jan. 18.

The Cusip number is 22550W3Q8.

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