Credit Suisse plans contingent coupon autocallables linked to Ford

By Angela McDaniels

Tacoma, Wash., Oct. 14 – Credit Suisse AG plans to price contingent coupon autocallable yield notes due Nov. 4, 2015 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a coupon at a rate that is expected to be 12.5% per year if Ford stock closes at or above the coupon barrier price on the observation date for that quarter. The coupon barrier price is expected to be about 80% of the initial share price.

The notes will be automatically called at par if the stock closes at or above the trigger price, which is expected to be equal to the initial share price, on any quarterly observation date.

If the notes are not called and the final share price is greater than or equal to the knock-in price, which is expected to be 80% of the initial share price, the payout will be par. Otherwise, investors will be fully exposed to the stock’s decline.

The exact terms will be set at pricing.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

The notes will price Oct. 17 and settle Oct. 22.

The Cusip number is 22547QUX2.

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