Credit Suisse to price contingent coupon autocallables on four stocks

By Marisa Wong

Morgantown, W.Va., March 22 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 30, 2020 linked to the least performing of the common stocks of Amazon.com, Inc., Facebook, Inc., Alphabet Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 25% if each stock closes at or above its 70% coupon barrier on the related quarterly observation date.

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

The payout at maturity will be par unless any stock finishes below its 70% knock-in level, in which case investors will be fully exposed to the decline of the worst performing stock.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on March 23.

The Cusip number is 22550WLM7.

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