Credit Suisse to price contingent coupon autocalls on four tech stocks

By Marisa Wong

Morgantown, W.Va., May 9 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due May 18, 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 14.1% if each underlying stock closes at or above its 55% 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 after six months.

The payout at maturity will be par unless any underlying stock finishes below its 55% knock-in level, in which case investors will receive a number of shares of the worst performing stock equal to $1,000 divided by that stock’s initial share price or, at the issuer’s option, the cash value of those shares.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 10.

The Cusip number is 22549JSV3.

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