Credit Suisse plans 16% contingent coupon autocalls on four stocks

By Susanna Moon

Chicago, April 5 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due April 30, 2021 linked to the least performing of the common stock of Amazon.com, Inc., the class A common stocks of Facebook, Inc. and Alphabet Inc. and the common stock of 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 16% if each stock closes at or above its 60% coupon barrier on the 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 review date.

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

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price on April 25.

The Cusip number is 22549JA91.

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