Credit Suisse plans contingent coupon autocallable yield notes on stocks

By Sarah Lizee

Olympia, Wash., April 11 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due May 2, 2022 linked to the least performing of the shares of Walt Disney Co., FedEx Corp. and Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon at an annual rate of 8.65% if each stock closes at or above its coupon barrier, 60% of its initial level, on the observation date for that period.

The notes will be called at par if each stock closes at or above its initial level on any monthly trigger observation date beginning Oct. 29.

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 April 26.

The Cusip number is 22552FAS1.

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