Credit Suisse plans contingent coupon autocallables on five stocks

By Jennifer Chiou

New York, March 25 - Credit Suisse AG, Nassau Branch plans to price contingent coupon autocallable notes due April 13, 2015 linked to a basket of common stocks and an American Depositary Receipt, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes Bank of America Corp., FedEx Corp., Halliburton Co., Microsoft Corp. and Petroleo Brasileiro SA-Petrobras ADRs.

Interest is payable quarterly and will be 15% per year unless a knock-in event occurs, in which case there will be no interest paid for that quarter.

A knock-in event occurs if any stock or ADR closes below 50% of its initial price on a quarterly observation date.

If each stock or ADR closes at or above 95% of its initial price on a quarterly observation date, the notes will be called at par.

The payout at maturity will be par unless the final price of any basket stock or ADR is less than 50% of its initial price, in which case investors will receive a number of shares of the worst-performing stock or ADR equal to $1,000 divided by the initial price.

The notes will price on March 28 and settle on April 11.

Credit Suisse Securities (USA) LLC is the underwriter.

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